Finland vs Belize

20

Companies in the oil industry: Subject to 25% income tax.
Most other businesses: Primarily subject to Business Tax levied on gross revenue / gross income, with common rates such as:

Other trading or businesses: 1.75%
Real estate income (rent, royalties, premiums, etc.): 3%
Professional / occupational income: 6%
Income from commissions, royalties, dividends, etc.: 15%
Financial institutions: 15%

Four months from the end of the accounting period.

Annual tax returns must be filed by March 31 of the subsequent tax year.

Taxpayers can apply to modify the prepayment of tax until the tax assessment is completed (within ten months from the end of the fiscal year). The deadline for the final CIT payment is the third day of the second month after the completion of the tax assessment for the current year.

Monthly business tax payments must be filed by the 15th day of each month, covering receipts for the previous month.

The company's prepayment of taxes is collected in two installments or 12 installments during the tax year. If the total amount to be paid does not exceed 2000 euros, the installments will be due in the third and ninth months of the accounting period. If the total amount to be paid exceeds 2000 euros, the installments will be due monthly (on the 23rd of each month). The tax authorities can collect or increase prepayment of taxes without application within two months after the end of the fiscal year. The tax authorities may reduce or cancel prepayment of taxes (with or without the taxpayer's application) until the tax assessment is completed.

Estimated tax payments follow the same monthly schedule as business tax payments.

0/0/0

15/NA/NA

20/0/15

15/15/0

25.5

12.5%

Capital gains are constrained by the normal corporate income tax rate.

N/A

19.71%

25%

22.6%

25%