Update - Finnish President Signs Laws for R&D Incentive, Increased One-Off Depreciation, and Extended VAT Zero Rate for COVID-19
On 17 December 2020, Finnish President Sauli Niinistö signed the laws providing for the increased deduction for certain R&D investment costs and the increased one-off depreciation limits for assets. As previously reported, the increased deduction for R&D investment costs applies for tax years 2021 to 2025 and includes an additional deduction equal to 50% of the costs incurred on researc…
Continue Reading