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COVID-19: Simplified payment arrangement for companies & reduced interest rate

The Ministry of Finance has heard of the companies’ plight and announced on 13 April 2021 that it will start preparing a new temporary simplified payment scheme for taxes.

According to a press release from the Ministry of Finance , the applicable interest rate would be 2.5% as last spring, which is significantly lower than the 7% rate normally applicable. According to the release, the changes are again temporary and would affect the taxes included in the payment arrangement.

Source Confederation of Finnish industry

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