Exchange of information agreement between Finland and Niue signed
According to media reports, Niue has recently signed tax information exchange agreements with a number of countries, including New Zealand and some Nordic countries. On 16 October 2013, Niue signed exchange of information agreements relating to tax
See MoreTreaty between Finland and Tajikistan enters into force
On 5 September 2013, the Finland- Tajikistan Income Tax Treaty (2012) entered into force. The treaty generally applies from 1 January 2014. The new treaty generally follows the provisions of the OECD Model Tax Convention. Under the provisions of
See MoreFinland: Budget proposal for 2014
On 8 August 2013, the Finnish Ministry of Finance published its Budget proposals for 2014. All the proposals will be discussed by the government on 28-29 August 2013 before the final set of proposals is presented to parliament in September 2013. If
See MoreECJ: Decision on state aid and Finland’s tax loss carry forward rules
A case was brought before the European Court of Justice (ECJ) concerning the question of whether Finland’s rules for carrying forward tax losses were contrary to the state aid provisions in Article 107 of the Treaty on the Functioning of the
See MoreECJ: Finland refers a question on VAT on electronic publications
The Supreme Administrative Court of Finland on 23 April 2013 asked for a ruling from the European Court of Justice (ECJ) in respect of the neutrality principle and its implications for the Finnish VAT on books in electronic form. The question put
See MoreTreaty between Cyprus and Finland enters into force
On 28 April 2013, the double tax agreement that was signed on 15 October 2012 between Cyprus and Finland will enter into force. The treaty generally follows the provisions of the OECD Model. Under the treaty the maximum withholding tax rate on
See MoreFinland: Government’s 3-Year Tax Plan
The Finnish government has formed a new 3-year spending plan to respond to the current decline in the Finnish economy. The plan covers the years from 2014-2017. The main key points of the plan are as follows: • Corporate income tax will be
See MoreFinland Plans to Cut Corporate Tax Rate in 2014
On 21 March 2013, the government of Finland announced that it had reached an agreement on its tax plans for the tax years from 2014 to 2017. Finland plans to further cut its corporate tax rate to 20% from the current 24.5% rate, as of the beginning
See MoreTreaty between Finland and Uruguay enters into force
The Income and Capital Tax Treaty between Finland and Uruguay entered into force on 6 February 2013. The treaty generally applies from 1 January 2014. The treaty is based generally on the model tax conventions of the OECD and UN. The definition of a
See MoreTreaty between Finland and Cyprus signed
Finland and Cyprus signed an agreement on 15 November 2012 in Nicosia for the avoidance of double taxation, with both sides pointing out its significance for facilitating investments and strengthening bilateral ties. The agreement generally follows
See MoreTax on non-resident pension funds in Finland held to be discriminatory
The European Court of Justice (ECJ) has ruled that a tax on dividends received by non-Finnish pension funds in Finland is discriminatory. Currently, resident pension funds can avoid paying tax on dividends from investments by transferring such
See MoreDTA between Cyprus and Finland
The Cypriot Embassy in Copenhagen announced on November 16 that Cyprus and Finland signed a double taxation agreement (DTA) on November 15,
See MoreFinland: Outlines Tax Changes
On 20 September 2012 it was reported that the Finnish finance ministry has recently published the country’s 2013 budget review, detailing the government’s tax plans for next year. The government plans to implement tough tax measures to
See MoreFinland: Deductibility of interest limitations
On 13 June 2012 it was published that the Finnish Government has released a draft regarding a bill to limit the deductibility of interest expenses in business taxation. The goal of this proposed regulation is to secure Finland’s tax base and to
See MoreFinland Unveils 2012 Supplementary Budget
On 28 March 2012, it was reported that the Finish government has recently unveiled details of its 2012 supplementary budget proposal, revising the tax revenue estimate upwards and providing for an increase in expenditure. It has also published
See MoreFinland: Budget for 2012
Finland’s government unveiled details of its 2012 budget proposal on the 19 September 2011. The budget incorporated fiscal measures aimed at shifting the focus of taxation away from labour and entrepreneurship, towards environmental and
See More