Finland Enacts Budget for 2016 including Individual Income Tax Changes
Finland's Budget Bill for 2016 was enacted on 17 December 2015. One of the main measures is the reduction of the individual income threshold for the additional 2.25% solidarity tax, which effectively removes the 29.5% bracket. As a result, the following brackets and rates apply for 2016:
- EUR 16,700 up to 25,000 - 6.5%
- over EUR 25,000 up to 40,800 - 17.5%
- over EUR 40,800 up to 72,300 - 21.5%
- ov…