On 31 July 2020, the Finnish Tax Authority has published updated guidelines on the base and reference rate for tax purposes One of the key aspects of the update is in regard to interest due for late payment, which includes that interest on arrears and default interest shall be provisionally 2.5% for taxes included in facilitated payment arrangements or deferral of payments initiated on 25 March to 31 August 2020. This applies with respect to VAT due after 1 January 2020 and 1 March 2020 for other taxes. The 2.5% reduced rate will apply for as long as the payment arrangement is in force.
Related Posts

Finland proposes interest deduction relief for critical infrastructure projects
Finland’s Parliament is reviewing Government Proposal HE 227/2026 vp, part of the Government’s 2027 Budget package,
Read More
Finland: Parliament approves amending protocol to tax treaty with Switzerland
Finland’s Parliament has approved the Government Proposal HE 159/2026 vp to ratify the amending protocol to the 1991
Read More
Finland proposes investment fund tax reforms following CJEU ruling, including ELTIF changes
The Finnish Government presented Government Proposal HE 209/2026 vp to Parliament on 2 October 2026, proposing
Read More
Finland: Government proposes major reforms to corporate restructuring tax rules
Finland’s government has submitted a legislative proposal (HE 211/2026) to Parliament to amend the existing rules on
Read More
Finland proposes corporate and personal income tax cuts in 2027 Budget
Finland’s government submitted its proposal for the 2027 Budget to Parliament (HE 175/2026) on 21 September 2026. The
Read More
Finland: Government proposes lower corporate tax rate, longer loss carry-forward period from 2027
Finland's government announced, on 17 September 2026, that it proposed two significant changes to corporate taxation,
Read More