Finland vs South Africa

20

27%

Four months from the end of the accounting period.

Within 12 months from the end of the 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.

Within 6 months after the company's tax year-end

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.

Twice a year: first payment within 6 months of year-start, second before year-end

0/0/0

20/0/0

20/0/20

20/15/15

25.5

15

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

Corporations 21.6% effective; individuals 18% effective

19.71%

24.37%

22.6%

12.99%