Although the investment tax relief came into force in 2009, only a small number of companies benefited from the exemption and reduced their taxable profits. Please note that the Government is about to extend the term of use of this benefit until 2028.
Companies involved in an investment project can reduce their taxable profit by up to 100% of the actually incurred acquisition costs of long-term assets meeting certain requirements.
Please note, that there is a possibility to apply this tax relief retrospectively to save taxes legally.
We encourage companies to review asset acquisitions and use this attractive tax relief. If there are any doubts about whether your company may apply for investment tax relief, the Leinonen tax team may assist you.
