Finland Parliament Considers Bill to Amend Income Tax Act

The Finnish Parliament (Eduskunta) June 11 accepted for consideration Bill No. HE 113/2026 vp, to amend the Income Tax Act. The bill includes measures to: 1) increase, to 2,100 euros (US$2,413) from 1,600 euros (US$1,838), the maximum amount of the tax credit for household expenses, and increase the credit’s deduction percentages to 40 percent, from 35 percent, for trade income, and to 15 percent, from 13 percent, for wages paid, for payments made from Jan. 1; 2) increase, to 540 euros (US$620), from 400 euros (US$460), the annual tax-free limit for employer-provided voluntary sports and cultural benefits, and expand the ...