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Finland Publishes Guidance on Group Deduction for Final Losses of EEA Subsidiaries

|Approved Changes|Finland
Finland

The Finnish tax administration has published guidance regarding the new group deduction (contribution) rules for final losses of subsidiaries in the European Economic Area (EEA) from 2021. The new rules entered into force on 1 January 2021 and apply for the first time from the 2021 tax year. The purpose of the group deduction is to enable the so-called final losses of a subsidiary located in a…

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