Finland Introduces Public CbC Reporting Requirements

The Finnish parliament approved the Law Amending the Accounting Act in May 2024, which provides for the introduction of public Country-by-Country (CbC) reporting in line with Directive (EU) 2021/2101 (previous coverage), including a public CbC reporting threshold of annual consolidated revenue of EUR 750 million in each of the last two consecutive financial periods. The parliament also approved the Law Amending the Audit Act, which introduces a requirement to indicate in an audit report whe…