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Increased depreciation on machinery and equipment for the tax years 2020-2023

The Finnish government is trying to boost investments with a new incentive that entered into force on 1st of January 2020. Generally, the depreciation percentage on machinery and equipment in a company’s income taxation is 25% of the residual value of initial outlay.

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tax liability
Place of effective management results in tax liability of foreign entities in Finland

Starting from the beginning of 2021, a foreign entity has a permanent establishment in terms of corporate income taxation in Finland if the effective management of the company is located in Finland.

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LL.M., KLT Risto Kiviranta new CEO of RSM Finland

RSM Finland Ltd has appointed Risto Kiviranta as the new CEO, starting from 15th May 2020. In addition, Mr Kiviranta will continue as the head of Tax Services.

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