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Finland Enacts Budget for 2016 including Individual Income Tax Changes

|Approved Changes|Finland
Finland

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…

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