On 9 August 2018, the Ministry of Finance officially submitted its budget proposal for next year 2019. The budget introduced changes to the CFC definition and applicable exemptions, including reducing the control threshold for a company that qualifies as a CFC from the current 50% (direct or indirect ownership) to 25% of ownership of share capital or voting rights or profit entitlements as defined by ATAD(Anti-Tax Avoidance Directive). The new rules would enter into force on 1 January 2019 and be applied for the first time in relation to the taxation of 2019.
«
Nigeria: Areas where CCAs may conflict with domestic law
Russia modifies transfer pricing rules
»
Related Posts
Finland proposes revised TV tax, VAT on broadcasting services
Finland’s government has submitted a legislative proposal (HE 186/2024) to the parliament on 7 November 2024 to amend the television tax levied on individuals and businesses and the VAT applied to public broadcasting services. The draft
Read MoreFinland consults TV Tax, VAT on broadcasting services, increases VAT rate on broadcasting from 10% to 14%
Finland’s Ministry of Finance initiated a public consultation on 4 October 2024 on a draft proposal to revise the TV Tax for individuals and businesses and to adjust the VAT on public broadcasting services. The consultation is set to conclude
Read MoreFinland presents 2025 Budget proposal to the parliament
Finland’s Ministry of Finance submitted its proposal for the 2025 Budget and other related legislative proposals to the Parliament on 23 September 2024. The budget’s central government expenditure amounts to EUR 88.8 billion and revenue to EUR
Read MoreFinland proposes amendments to minimum tax act
Finland's government presented the draft legislation HE 98/2024 vp to the parliament to amend the Minimum Tax Act on 20 September 2024. The Minimum Tax Act was enacted at the end 2023 to facilitate the implementation of the Pillar Two global
Read MoreFinland consults tax credits for major industrial investments in net-zero transition
Finland's Ministry of Finance has initiated a public consultation regarding a tax credit aimed at large industrial investments that facilitate the transition to a net-zero (climate-neutral) economy. The government decided on the preparation of the
Read MoreFinland announces budget for FY 2025
The Finnish Government announced the 2025 Budget on 3 September 2024. This release outlines several tax policy decisions that align with the draft budget proposals introduced by the Ministry of Finance in August 2024. The government is moving
Read More