Finland 2016 Budget Tax Changes

Finland's 2016 Budget was presented to parliament on 28 September 2015. The main tax changes are summarized as follows.

Individual Income Tax

The threshold for the additional 2.25% solidarity tax on individual income is lowered, effectively replacing the 29.5% bracket. As proposed, this results in the following brackets and rates:

• EUR 16,700 up to 25,000 - 6.5%
• EUR 25,001 up to 40,800 - 17.5%
• EUR 40,801 up to 72,300 - 21.5%
• over EUR 72,300 - 31.75%

Real Estate Tax

The permitted range…