Finland Offers Guide on Global Minimum Tax Group Allocation

The Finnish Tax Administration published detailed guidance Thursday on identifying groups within the scope of its global minimum tax rules and allocating profits to constituent entities.

The guidance also explains how the rules apply when group structures and revenue thresholds change through mergers or separations, and how to treat joint ventures.

It forms part of a continuing series of global minimum tax guidelines, Sami Varonen, the administration’s head tax adviser for corporate tax and tax procedure, said in an email. Guidance on safe harbor rules will be published shortly, he said.

• The document has been prepared with reference to ...