The Finnish Tax Administration issued a release on 9 December 2021 announcing that amendments to the Tax Procedure Act (VML) and related laws to revise the rule on transfer pricing adjustments (VML Section 31) were approved in parliament on 7 December 2021. The amendments take effect on 1 January 2022 and apply to tax years beginning on or after that date. According to the release, the amendments broaden the scope of application of VML Section 31 in line with the transfer pricing provisions …