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

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

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

The Japanese Cabinet has approved a new income tax treaty with Turkmenistan on 25 January 2025. Earlier, Japan and Turkmenistan signed the tax treaty “Convention between Japan and Turkmenistan for the Elimination of Double Taxation with respect

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

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