Yhtiöverolaki

Yhtiöverolaki, also known as the Corporate Income Tax Act, is the Finnish legislation governing the taxation of companies. It establishes the framework for how corporate profits are assessed and taxed within Finland. The primary purpose of yhtiöverolaki is to ensure that companies contribute to public finances through taxation on their earnings.

The law defines what constitutes taxable income for a company and outlines various deductions and allowances that can be applied. It specifies the corporate tax rate, which is currently set at 20% for most companies. Yhtiöverolaki also addresses issues such as capital gains, losses, and international taxation aspects relevant to Finnish companies operating abroad or foreign companies with operations in Finland.

Changes to yhtiöverolaki are made periodically to adapt to economic conditions and international tax reforms. These amendments aim to maintain the competitiveness of Finnish businesses while ensuring a fair and equitable tax system. The act is administered by the Finnish Tax Administration (Verohallinto), which provides guidance and enforces its provisions. Understanding yhtiöverolaki is crucial for businesses operating in Finland to ensure compliance with tax obligations.