In the recently held budgetary discussions, the Finnish government decided on policy positions for remaining two years of its term. The government indicated its aim to broaden the tax liability of foreign funds investing into the Finnish property market. The target is that profits made by foreign funds in property investments are taxed as widely as possible in Finland.
The government further indicated its intention to amend the interest barrier rules in respect of property structures held by non-Finnish investors.
Details of the changes will be prepared later and should be published during 2022. The Government’s intention is to have the new rules effective as from the beginning of 2023.
For more information, please contact Sebastian Kellas.