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Finland: Group tax deduction for cross-border tax losses - new rules
The Finnish Government has recently issued a proposal for new legislation concerning the tax deductibility of cross-border tax losses.
The Finnish Government has recently issued a proposal for new legislation concerning the tax deductibility of cross-border tax losses.
The proposed legislation would allow the so-called final losses of a subsidiary located in the EU/EEA member states to be deducted by a Finnish parent entity, as required by EU law.
The Government bill was submitted to the Parliament in October 2020 and the new legislation is intended to become applicable as of 1 January 2021.
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