Taxes in Europe Database v2
Temporary Bank Tax act of 28 december 2012 (986/2012).
The purpose of the bank tax is to collect funds in advance in case of possible new financial market problems. The aim is to limit taypayers’ liabilities in any future bank crises.
The level of the bank tax in any tax year will be based on the amount of risk-weighted assets at the end of the preceding year according to a bank’s capital adequacy calculation.
Finnish deposit banks.
A percentage of the amount of risk-weighted assets according to the banks capital adequacy calculation.
In accordance with the act on Taxation of Business Income (360/1968), the bank tax is not a deductible item in business taxation.
The tax is 0.125 per cent of the amount of risk-weighted assets according to a bank’s capital adequacy calculation.
The bank tax will be collected in tax years 2013–2015. The tax will not, however, be in force simultaneously with regulation under a European Parliament and Council Directive relating to crisis management that may possibly come into effect.
The bank tax is due on the 30th of April.
Finnish Tax Administration.
The estimated annual revenue from the bank tax is EUR 133 million.