Orbitax Tax News & Alerts
Finland's Tax news & updates from Orbitax and partners
Finland Tax News
Report on Attribution of Profits to PEs released
EU Commission requests Italy not to apply a withholding tax on dividends paid to Netherlands parent companies
Treaty between Finland and Canada enters into force
EU Commission requests Italy to implement the Interest and Royalties Directive correctly
EU Commission progresses infringement actions against Member States for discriminatory taxation of outbound dividends
ECJ holds French withholding tax on outbound dividends incompatible with freedom of establishment
Indian decision on whether profits from supply of equipment taxable
ECJ: previous UK ACT regime regarding outbound dividends compatible with EC fundamental freedoms (ACT IV GLO) – details
Protocol to treaty between Finland and Switzerland enters into force
Finland ratifies treaty between Finland and Canada
Treaty between Australia and Finland signed
Treaty between Finland and Canada – details
Protocol to treaty between Finland and United States presented to Finnish parliament
European Commission requested Spain to end infringement to the EC Parent-Subsidiary Directive concerning the use of anti-abuse measures
US Senate may hold hearings on new Denmark, Finland, and Germany protocols
European Commission requests Belgium to terminate discriminatory taxation of inbound dividends
European Commission refers Italy and Luxembourg to ECJ for not implementing Directive amending EC Parent-Subsidiary Directive
European Commission decides that Luxembourg's preferential tax regime for 1929 holding companies constitutes incompatible state aid
Protocol between Finland and Switzerland presented to Finnish parliament
European Commission requests Belgium, Italy, Luxembourg, Netherlands, Portugal and Spain to terminate discriminatory taxation of outbound dividends
US Treasury Department announces signing of protocol to US-Finland income tax treaty
Protocol to treaty between Finland and Switzerland signed
Central Tax Board rules on treaty characterization of partnership income re Finland-Germany tax treaty
Advance ruling on Finnish withholding tax and EC Law re Luxembourg SICAV
The law bringing about the proposed changes to the taxation of Finnish-source dividends from nominee registered share have been approved by the parliament. The law (970/2005), which was signed by the President on 9 December 2005, will apply to dividends received as of 1 January 2006.
Proposed changes to withholding tax regarding nominee-registered shares
Taxation of dividends The current imputation system, which has applied since 1990, is replaced by a classical double taxation system, under which corporate income is first taxed in the hands of the company and dividends subsequently (with partial relief) in the hands of the shareholders at the appropriate rates. As a corollary to this, the equalization tax (29/71) on distributions is abolished.
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