Yhteisöverokanta

Yhteisöverokanta refers to the corporate income tax rate in Finland. This tax is levied on the profits of companies and other entities operating in Finland. The current yhteisöverokanta is 20%, a rate that has been in place since 2014. Prior to this, the rate was 24.5%. The corporate tax system in Finland aims to balance the need for government revenue with promoting a competitive business environment.

The Finnish corporate tax is applied to a company's taxable income, which is generally calculated as revenue minus deductible expenses. This includes costs associated with running the business, such as salaries, rent, and materials. There are various deductions and allowances available to companies, which can affect their final tax liability. For example, certain investment expenses or research and development costs may be deductible.

The corporate income tax revenue collected by the state forms a significant part of Finland's public finances. These funds are used to finance public services like healthcare, education, and infrastructure. The level of the corporate tax rate is a subject of ongoing discussion among policymakers and businesses, with arguments often made for adjustments to attract foreign investment or to ensure fairness in the tax system. The aim is to set a rate that is competitive internationally while still providing sufficient revenue for public spending.