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COVID-19: Information on the measures taken in Finland

Update 2nd of July VAT rate change on products to help fight COVID-19

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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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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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