The total taxes owed to Finland's tax authorities has fallen by more than 100 million euros since the beginning of 2021. This is according to the latest figures released by the Finnish Tax Administration.
Such a decline is unusual, as the total debt typically increases towards the end of the year up until old debts expire. Between January and October 2020 the tax debt increased by 1.3 billion euros.
According to the tax-collection agency, companies and retail customers were offered the opportunity to apply for extensions and easier terms on repayment plans between April and August this year, with 26,000 taxpayers opting to do so.
The introduction of lighter interest rates may have eased payment difficulties, said Tuomas Hurskainen of the Tax Administration's Risk Management in a press release.