Finland Tax News
US Treasury Department announces signing of protocol to US-Finland income tax treaty
11 July 2006
Protocol to treaty between Finland and Switzerland signed
14 May 2006
Advance ruling on Finnish withholding tax and EC Law re Luxembourg SICAV
9 April 2006
Central Tax Board rules on treaty characterization of partnership income re Finland-Germany tax treaty
9 April 2006
The law bringing about the proposed changes to the taxation of Finnish-source dividends from nominee registered share have been approved by the parliament. The law (970/2005), which was signed by the President on 9 December 2005, will apply to dividends received as of 1 January 2006.
1 January 2006
Proposed changes to withholding tax regarding nominee-registered shares
9 November 2005
Taxation of dividends The current imputation system, which has applied since 1990, is replaced by a classical double taxation system, under which corporate income is first taxed in the hands of the company and dividends subsequently (with partial relief) in the hands of the shareholders at the appropriate rates. As a corollary to this, the equalization tax (29/71) on distributions is abolished.
19 January 2005