yhteisöverokantaa

Yhteisöverokantaa refers to the corporate income tax rate in Finland. It is the percentage of a company's taxable profit that is paid to the state as tax. The current yhteisöverokantaa is 20%, a rate that has been in place since 2014. This rate applies to the profits of most companies, including limited liability companies (osakeyhtiöt) and cooperatives (osuuskunnat). The corporate tax system in Finland is designed to be competitive internationally and to encourage investment. Taxable profit is calculated by deducting allowable expenses from a company's revenue. Various deductions and credits can further reduce the taxable income. The collected corporate tax revenue contributes to the funding of public services in Finland. Changes to the yhteisöverokantaa are typically debated and decided upon by the Finnish Parliament as part of the national budget process. The rate has seen fluctuations over the years, reflecting economic conditions and government policy priorities. For example, it was higher in previous years before being lowered to its current level.