Yhteisötuloverotus

Yhteisötuloverotus refers to the taxation of legal entities, such as companies, in Finland. This tax is levied on the net profit of a corporation. The current standard corporate income tax rate in Finland is 20%.

The taxable income is calculated by deducting allowable expenses and depreciation from the gross revenue. Various deductions and allowances are available, depending on the nature of the business and its operations. For instance, certain investment expenses or losses from previous years may be deductible.

The purpose of yhteisötuloverotus is to generate revenue for the state and municipalities, and it is a significant component of Finland's tax system. It also plays a role in influencing corporate behavior, for example, through incentives for research and development or environmental investments.

The administration of corporate income tax is handled by the Finnish Tax Administration (Verohallinto). Companies are required to file annual tax returns detailing their income and expenses. Tax assessments are then made based on these returns and relevant tax legislation. International aspects, such as transfer pricing and double taxation treaties, are also important considerations for companies operating across borders. The tax system aims to be competitive internationally while ensuring fair taxation of domestic and foreign entities.