Finland 2015 Budget Submitted to Parliament

Finland's Ministry of Finance has submitted the 2015 budget to Parliament. Main taxation changes are in relation to individual income tax, excise duties, and the deductibility of entertainment expenses by companies.

Individual Income Tax

Finland's lower individual tax brackets will be adjusted for inflation, and the temporary top rate threshold will be reduced. The brackets and rates in 2015 will be as follows:

• 16,500 to 24,700 - 6.5%
• 24,700 to 40,300 - 17.5%
• 40,300 to 71,400 - 21.5%
• 71…