Finland
| Category | Rank | Score |
|---|---|---|
| Overall Rank | 15 | 67.37 |
| Corporate Taxes | 7 | 72.53 |
| Individual Taxes | 25 | 54.09 |
| Consumption Taxes | 15 | 72.74 |
| Property Taxes | 19 | 61.4 |
| Crossborder Taxes | 21 | 74.33 |
Finland ranks 15th overall on the 2021 International Tax Competitiveness Index, two places better higher than in 2020.
Strengths
- Finland has a relatively low corporate tax rate of 20 percent.
- The compliance burdens of corporate, consumption, and labor taxes are all below the OECD averages.
- Finland has a territorial tax system and a broad tax treaty network with 76 countries.
Weaknesses
- Finland levies both an estate and a financial transactions tax.
- Companies are limited in their ability to carry forward net operating losses and are restricted to using First-In-First-Out as the cost accounting method for inventory.
- Finland's top statutory rate on personal income is relatively high at 51.2 percent (the OECD average is 42.7 percent).
Learn more about the tax system in Finland