On 2 April 2020, the Finnish Ministry of Finance released an announcement that reduces the interest rate on late payments of taxes in response the coronavirus pandemic. The government proposed that the default interest rate is temporarily reduced from 7% to 4%. The reduced default interest rate will be applied retroactively to taxes due after the beginning of March. The change is temporary and applies to taxes that are due no later than the end of August.
Related Posts

Finland: Government approves 2026–29 fiscal plan, introduces corporate tax cut and extended loss carryforward
Finland's Ministry of Finance has announced that the Government has approved the General Government Fiscal Plan for 2026–2029 on 23 April 2025. The decisions aim to strengthen the foundation for economic growth while prioritising the security of
Read More
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