Finnish Administrative Court Rules Profit Tax Act Conflicts with EU Law

On June 25, 2025, the Helsinki Administrative Court ruled that key provisions of Finland's Profit Tax Act, which imposed a temporary profit tax on electricity companies, were unenforceable as they conflicted with EU law. The case, involving Fortum Power and Heat Oy, highlights the tension between national tax legislation and EU regulations, emphasizing the need for compliance with EU law in national tax policies.