R&D Incentives in Finland:
Enhance your company’s performance with R&D Incentives

What are R&D Incentives?

In January 2023, the Finnish government introduced two new R&D tax incentive schemes to boost research and development activities among Finnish companies. This move aims to offer a tax deduction for R&D projects to all companies, showing the government’s commitment to fostering innovation and encouraging companies to utilize this scheme for their benefit.

Finland has now 3 different schemes for R&D

Companies engaged in R&D projects in Finland may qualify for a tax deduction of up to 1.5 million euros annually, enhancing their capacity to innovate and grow.

price_check
2021 Establishment

Established in 2021, Finland introduced an R&D incentive offering a 50% deduction on subcontracting costs, which has been increased to 150% for costs incurred from 2022 to 2027, with a yearly cap of 500,000 euros.
price_check
2023 Establishment

In 2023, Finland introduced a tax incentive allowing a 50% deduction on R&D wages and purchased services, ranging from 5,000 to 500,000 euros, to support research and development activities.
price_check
2023 Establishment

The deduction is 45% on the increase in R&D wages and purchased services from the previous year, with a maximum limit of 500,000 euros to encourage growth in research and development investments.

Do You Qualify?

Companies can qualify for a yearly deduction of up to 1.5 million euros on R&D activities as defined by the OECD Frascati Manual. This includes fundamental and applied research, development work, and feasibility studies, supporting a broad range of innovative efforts.

R&D incentive example in the automotive industry

The company is developing a new solution aimed at reducing the airbag deployment time during a crash.

Wages 522 350 Euros
R&D expenses 235 000 Euros
R&D subcontractor 153 450 Euros
Total R&D expenses 910 800 Euros

Total deduction per year

455 400 Euros Schedule a free consultation arrow_outward arrow_outward

Our Added Value

As Europe’s leader in R&D incentives, Leyton offers comprehensive support, identifying eligible projects and preparing detailed documentation for the entire process, including:

Scoping
Document preparation
Submission
control procedures

Schedule a free consultation

Please fill the form below

mark_email_read

Thank you

One of our experts will get in touch with you

Leyton in figures

At Leyton we leverage innovation funding expertise to offer comprehensive tax relief claim services, managing projects from start to finish. With experienced tax professionals, we assist businesses in navigating the R&D tax and SSC relief scheme, preparing the necessary technical reports for claim submission.

16

Countries

25

Years of experience

40000

Clients

R&D Incentives in Finland:Enhance your company’s performance with R&D Incentives