Finnish Ministry of Finance Budget Proposals for 2023

Finland's Ministry of Finance announced the publication of its budget proposals for 2023 on 5 August 2022. The corporate tax measures are relatively limited and include the elimination of restrictions on interest deductions will be eliminated for public infrastructure projects, as well as increases in the deductibility of R&D costs. With respect to individual income tax, measures included the adjustment of the income tax brackets for inflation, as well as the removal of the mortgage int…