COVID-19: IMPACTS ON TAXES AND BUSINESS FINANCING IN FINLAND

Financial support

Companies can apply for financial support from Finnfund for instance due to difficulties in the subcontracting chain: https://www.businessfinland.fi/hairiotilannerahoitus

Finnvera has announced that it will provide flexible guarantees for bank loans and in addition Finnvera will extend the payment times of their own loans: https://www.finnvera.fi/kasvu/ajankohtaista-yrityksille/ajankohtaista-yrityksille

Taxes

Companies and individuals can apply more payment time for the taxes from the Tax authority. For the taxes that are on the payment arrangement the rate of penal interest is proposed to be lowered from 7 % to 4 %.

We at Magnusson are available to provide legal advice on how your business should manage any Covid-19 related issues in all legal areas.

Contact