Finland Consulting on European Commission Proposals for BEFIT, Harmonized Transfer Pricing, and Head Office Taxation

Finland's Ministry of Finance has launched a public consultation on proposals adopted by the European Commission on 12 September 2023. This includes:

• BEFIT proposal that introduces a new, single set of rules to determine the tax base of groups of companies, which will be mandatory for groups operating in the EU with an annual combined revenue of at least EUR 750 million, and where the ultimate parent entity holds at least 75% of the ownership rights or of the rights giving entitlement to pr…