On 6 April 2018, Parliament adopted a bill amending the relevant provisions of the Taxation Act in order to clarify the wording of the provisions of Council Directive (EU) 2016/881 of 25 May 2016 on administrative cooperation in the taxation of mandatory automatic exchange of information. The new provisions came into effect on 12 April 2018 and apply to data to be disclosed for reporting periods beginning on or after 1 January 2016.
Related Posts

Finland consults on ending power tax incentives for data centres and mines
Finland’s Ministry of Finance has launched a public consultation on a proposal on 10 April 2025 regarding abolishing the tax relief for electricity used by data centres and mines in Finland. The proposal seeks to support the government's
Read More
Finland seeks public input on interest deductions
Finland's Ministry of Finance has initiated public consultation on two proposed tax reforms on 27 March 2025. Interest exemption for infrastructure projects The Business Tax Act limits the ability to deduct interest for tax purposes, which
Read More
Finnish issues guidance on Pillar Two global minimum tax
Finland’s tax administration has released two guidance documents on the Minimum Tax Act, approved in late 2023 to implement the Pillar 2 global minimum tax under Council Directive (EU) 2022/2523. The first guidance was released on 10 March
Read More
Finland drops plan to raise VAT on chocolates and candies
Finland's Ministry of Finance has announced that it will not move forward with the planned increase in the VAT rate on chocolates and candies from 14% to 25.5% on 1 June 2025. In addition, the Ministry is preparing a legislative amendment to
Read More
Finland publishes overview of changes to taxation in 2025
The Finnish tax authority has published an overview of the changes to taxation in 2025, which includes amendments introduced for the upcoming tax year. Earlier, Finland’s Parliament has approved the 2025 budget on 20 December
Read More
Finland: Parliament passes amendments to Minimum Tax Act
Finland’s parliament has passed amendments to the Minimum Tax Act. The Act is amended to incorporate the latest OECD guidance on Pillar Two rules. The key changes include clarifying certain provisions of the law, simplifying minimum tax
Read More