Finland Issues New Guidance on Pillar 2 Safe Harbors and Transitional Provisions

The Finnish Tax Administration has issued new guidance on the transitional and permanent safe harbor rules and other transitional provisions for the Pillar 2 global minimum tax as per the Minimum Tax Act. The guidance covers:

• The five-year transition provision that reduces the top-up tax to zero for large domestic groups and multinational groups in the initial stages of their international activity;
• The Transitional CbCR Safe Harbor, which allows groups to use simplified calculations based …