Finland Parliament Considers Bill to Amend Law on Additional R&D Tax Deductions

The Finnish Eduskunta Oct. 21 accepted for consideration Bill No. HE 186/2021, to amend the law on additional R&D tax deductions for tax years 2021-25. The bill includes measures to: 1) provide an additional 150 percent income tax deduction up to 500,000 euros (US$581,968) for R&D activities related to business or agricultural income for tax years 2022-27; 2) extend the applicable period of the law until the end of 2027; and 3) introduce the electronic notification procedure for decisions and documents concerning transfer taxation. The measures were announced as a part of the 2022 budget. The law would enter into ...