The grey economy of corporate tax for small and medium-sized limited companies is up to 120 million euros per year ›
12.3.2025
The grey economy of small and medium-sized limited companies is approximately EUR 120 million in corporation tax. A company engaged in the grey economy distorts the profit from business operations through means such as hiding its profits or reporting undue expenses.
Neglecting the reporting requirement results in removal from the Trade Register ›
10.2.2025 Tax Administration
Each year, the Finnish Patent and Registration Office removes many companies from the Trade Register for neglecting their requirement to submit reports. In tax audits, it has been found that some companies continue to engage in business activities despite their removal from the Trade Register. A company that continues its activity outside the registers may be an instrument of shadow economy.
Ten years of cross-border cooperation between Finland and Estonia ›
3.2.2025 Regional State Administrative Agency, OSH Division
Cooperation between the authorities of the two countries was launched in 2014. It has provided a basis for smooth exchange of information, which has facilitated the efforts to curb the activities of companies violating the law.