The Finnish tax administration has published updated guidance on income tax penalties that takes into consideration the harmonization of penalties through Law 15/2018, published in January 2018 ({News-2018-01-30/A/2-previous coverage}). The guidance covers the general late payment penalty and tax increase penalties, with several examples, as well as the application of penalties for failures in relation to transfer pricing documentation and CbC reporting, and unjustified foreign tax deduction…