Finland Issues New Guidance on the Application of the Minimum Tax Act

The Finnish Tax Administration has issued new guidance on the application of the Minimum Tax Act, which implemented the Pillar 2 global minimum tax rules. The guidance covers:

• The identification of ultimate parent entities, intermediate parent entities, and in-scope constituent entities (subsidiaries, branches, permanent establishments) that are included in the tax calculations;
• Group units that are exempt, such as government units, international organizations, non-profits, and pension fund…