Accountancy in Finland

>> Allowances in Finland

Depreciation

The depreciation rates in Finland are:

  • 25% for machinery using the declining balance method
  • 4-7% for buildings using the declining balance method
  • 10-20% for other long term fixed assets using the strait line method.

Investment allowance

For investments in development areas of Finland, there is the possibility of using higher depreciation rates.
In some municipalities in the Northern Finland and in the archipelago, the social security charge has been eliminated.


Latest version updated 10th October 2017

Country Breakdown

5.5

Million

Population

Euro

Currency

$ 235.8

Billion

GDP

338,424

km2