Next Generation Partners

Leading Associates

Tax in Finland

Borenius

Borenius has an experienced tax practice, recognised for its broad coverage of tax disputes, M&A tax, and indirect tax matters. Instructions regarding cross-border tax issues are commonplace for the practice, which is a go-to for private equity funds and blue-chip companies. Seasoned practitioner Einari Karhu, who leads the team, has notable experience in dividend withholding taxation. Joint co-head Heikki Wahlroos is deeply knowledgeable on both corporate and personal income taxation. Indirect tax specialist Henna Jovio focuses on VAT, excise duty, and customs disputes. Transfer pricing is a core aspect of Aapo Pessi‘s workload.

Praxisleiter:

Einari Karhu; Heikki Wahlroos


Weitere Kernanwälte:

Henna Jovio; Aapo Pessi; Eveliina Ilonen


Referenzen

‘Great & very practical, able to advise on wider implications too.’

‘Einari Karhu and Aapo Pessi are my go-to persons.’

‘I think their competence, customer devotion and ability to innovate constructively are exceptional.’

Kernmandanten

Nokian Tyres plc


CapMan Plc


Intera Partners Buyout Funds


Anglo American


Aberdeen Standard Investments


Harvia Plc


Epassi Group


Kemira Plc


Sanoma plc


Mandatum plc


Vaaka Partners Buyout Funds


Norvestor


Finnish Industry Investment Ltd


Highlight-Mandate


  • Advised Finnish Industry Investment Ltd, the Finnish state’s capital investment company, on consolidating state investment activities.
  • Advised Norvestor on the sale of PHM Group to a newly formed continuation fund, Norvestor SPV III, with EUR 2.5 billion of new capital commitments.
  • Advised Scanfil plc on its expansion to Italy through the acquisition of MB Elettronica.

Hannes Snellman

Hannes Snellman is recognised for its strong bench of tax practitioners. The team is sought after for transactional tax advisory work, alongside indirect taxation and transfer pricing mandates. Heikki Vesikansa heads up the tax department, while Piia Ahonen is the head of the indirect tax practice. Vesikansa is a key client contact for a broad range of clients, from publicly listed companies and PE investors to private clients. Ahonen is renowned for her deep expertise in VAT issues in the real estate and energy, automotive, and manufacturing sectors. Harri Vehviläinen is active on transactional tax matters, while Joakim Frände specialises in personal taxation. Other notable individuals include Jenni Parviainen and Stefan Stellato.

Praxisleiter:

Heikki Vesikansa; Piia Ahonen


Weitere Kernanwälte:

Harri Vehviläinen; Joakim Frände; Jenni Parviainen; Stefan Stellato


Referenzen

‘Excellent professional skills and ability to find the right information and reference legal cases. Excellent and clear communication skills. Piia Ahonen has exceptional knowledge of indirect taxes, and she’s very dedicated and pleasant to work with.’ 

‘The team is really solid and can cover both the individual and corporate side with ease. They are proactive, give advice before you even know you need it, and always go the extra mile. What sets them apart is the mix of technical excellence with a very personal and committed approach.’

‘I want to highlight the duo of Stefan Stellato and Joakim Frände in particular. Together, they cover both corporate and individual client needs better than anyone else I have seen. They are approachable, practical, and genuinely committed to finding the best solutions.’

Highlight-Mandate


  • Advised Fazer on the construction and financing of its greenfield project in Lahti, Finland, comprising a new chocolate factory intended to support Fazer’s long-term strategic growth and capacity expansion.
  • Advised DevCo Partners on a EUR 521 million continuation fund to support the growth of energy infrastructure company Vexve.

Krogerus

Krogerus’ tax practice is predominantly transaction-focused, with capabilities in the tax aspects of private equity, real estate and infrastructure deals. The firm is equally well-equipped to handle the tax structure issues related to the formation of funds. Practice head Samu Lassila possesses considerable experience in fund-level tax mandates. Ritva Aalto guides clients on the tax considerations involved in intra-group restructurings and complex acquisitions. Jemiina Pohja assists with the full spectrum of tax mandates. Antti Lehtimaja left the firm in September 2025.

Praxisleiter:

Samu Lassila


Weitere Kernanwälte:

Anna Corrêa de Mora; Anniina Konttinen; Ritva Aalto


Referenzen

‘Our main contact is Anna Corrêa de Mora, who has provided accurate and timely advice and solutions where needed to ensure compliance obligations are met, and project work can progress.’

‘The tax team listens carefully to their clients, thoroughly understands the issues and offers different solutions. They also keep us informed about the current tax administration solutions. We have always received very professional service from them.’

‘Samu Lassila has a great attitude and is always keen to tackle smaller and bigger tax problems. Not only commenting on tax but giving valuable input to business and even accounting, too.’

Kernmandanten

Apollo Global Management


PSG Equity LLC


MEAG (part of Munich RE)


Swiss Life


Silo.AI


Vargas


RELEX Solutions


StoraEnso Oyj


GRK Infra Oyj


Forcit


Highlight-Mandate


  • Advised Arctial, a new project company, and its shareholder/sponsor, Vargas, on the formation of a partnership of industrial, energy, and climate technology-focused companies concerning the greenfield investment in an aluminium plant in Finland.
  • Advised PSG and Hostaway on a USD 365 million strategic growth investment in Hostaway led by General Atlantic.
  • Advised Silo AI’s sellers, including Altor, the Nordic private equity firm, its founders, as well as Silo AI’s management and certain minority investors, on the sale of Silo AI to AMD Inc.

Roschier

Roschier maintains an enviable transactional tax offering, consistently advising on a broad range of transactions, including mergers and acquisitions, private equity investments, and growth capital rounds. Practice head Mika Ohtonen has considerable experience advising on real estate tax structuring and planning and is increasingly active in representing clients in tax disputes. Andreas Bussman, who was promoted to partner in June 2025, focuses on high-end tax planning. Transfer pricing specialist Merja Raunio, VAT expert Eero Männistö and Tuomas Kiviranta round out the firm’s tax offering. Ossi Haapaniemi departed in May 2025.

Praxisleiter:

Mika Ohtonen


Weitere Kernanwälte:

Andreas Bussman; Merja Raunio; Eero Männistö; Tuomas Kiviranta


Referenzen

‚Highly experienced professionals. Truly in-depth knowledge of relevant legislation and market practices. Over the years, the team has worked on both the largest domestic and international transactions.‘

‚In addition to expertise, of course, personal chemistry is a very important part of successful collaboration. We also find that people are very accessible to us and their reaction time is fast – even on the most challenging questions. We also appreciate that the people we work with keep in regular contact with us outside of the actual events.‘

Kernmandanten

A. Ahlström Oy


Advanced Micro Devices, Inc.


Apollo


Assa Abloy AB


Axcel


Bain Capital


Blackstone


Bravedo Group (ex. Barona Group)


CapMan plc


Corten Capital


Enersense International Oyj


Fidelio Capital AB


Fortum Oyj


Hellman & Friedman


HGR Property Partners Oy


Hologic, Inc


IK Investment Partners


Intera Partners


Lindex Group (formerly Stockmann Plc)


Nets Holding A/S


Nokia Corporation


Nordic Capital


Oras Invest


Oura


Pfizer Oy


Renewable Power Capital


SAKA Finland Oy (formerly Suomen Autokauppa Oy)


Several golf clubs, including Golf Talma and Pickala Golf


Slättö


Stora Enso Oyj


Telia Company


Tilt Biotherapeutics Ltd


Trevian Asset Management


Warburg Pincus


Wolt


Highlight-Mandate


  • Advised Hellman & Friedman on its investment into Mehiläinen.
  • Advised Enersense International on the disposal of its wind and solar power project development business to Fortum.
  • Advised Corten Capital on its acquisition of Roima Intelligence.

Castrén & Snellman

The tax department at Castrén & Snellman is particularly distinguished for its strong capabilities in tax litigation. The team’s successes include assisting clients in complex tax audits, tax avoidance and transfer pricing disputes. Seasoned tax litigator Mikko Alakare is highly regarded for his deep knowledge of direct and indirect taxation. Janne Juusela is a go-to for domestic, international, and publicly listed companies, as well as family-owned companies and their owners.

Praxisleiter:

Mikko Alakare


Weitere Kernanwälte:

Janne Juusela; Emmi Karvinen


Referenzen

‘The team is very solid, and the head of the team, Mikko Alakare, is an extremely capable individual. The team supports him well.’

‘Mikko Alakare stands out clearly above the peers; he’s „Mr. Tax Dispute“ in Finland. ’

‘Very strong personnel when it comes to deep understanding of Finnish taxation and providing insightful solutions on tax topics.’

Kernmandanten

Fortum Power and Heat


WithSecure


Capman Buyout


SWISS LIFE ASSET MANAGERS NORDIC


The funders to Nevel Oy


Nokian Brewery


VERNE GLOBAL


City of Pori


Fortum


Aker Arctic Technology


Highlight-Mandate


  • Represented Fortum Power and Heat Oy in a case on the relationship between EU law and national tax legislation.
  • Acted as the Finnish legal and tax counsel for the funders to Nevel Oy on a EUR 665 million refinancing arrangement through a mix of multicurrency bank loans and private placement notes.
  • Advised WithSecure Oyj on certain tax matters in Diana BidCo Oy’s voluntary public cash tender offer for all the issued and outstanding shares in WithSecure.

Dittmar & Indrenius

Dittmar & Indrenius acts for an enviable roster of Finnish listed companies, international and regional private equity houses and financial institutions. The team has recently seen an uptick in advising on the tax aspects of the buy-side of major public and private M&A transactions. Alongside a strong transactional tax background, Kai Holkeri guides clients on transfer pricing and withholding tax disputes. Oscar Wik and Vilho Virmavirta support the team on the full breadth of mandates.

Praxisleiter:

Kai Holkeri


Weitere Kernanwälte:

Oscar Wik; Vilho Virmavirta


Referenzen

‘The team is creative and flexible.’

‘Oscar Wiik is deeply experienced.’

Kernmandanten

MEAG MUNICH ERGO AssetManagement GmbH


CapMan Buyout Management Oy


Rexel Développement SAS


Evli Oyj


MB Funds


Polhem Infra KB


General Atlantic


Capman Infra Management


Juuri Partners


Adven Group Oy


Highlight-Mandate


  • Advised MB Funds on its acquisition of a majority stake in StaffPoint.
  • Advised Polhem Infra on its acquisition of a minority stake in Pori Energia.
  • Advised General Atlantic on an investment in Hostaway.

Avance

Avance‘s tax practice is well-versed in structuring the tax components of major M&A and real estate transactions. Sebastian Kellas leverages his extensive tax background to assist industrial and private equity clients with cross-border tax structuring components. Antti Leppänen is a key client contact for insurance and banking groups and other major players in the financial services industry.

Praxisleiter:

Sebastian Kellas


Weitere Kernanwälte:

Antti Leppänen; Janina Järvi


Referenzen

‘Sebastian Kellas‘ knowledge and customer care in his cases are excellent. I have recommended him to any of my business connections who may need a tax specialist, and they have also been very satisfied with Sebastian.’

‘Sebastian Kellas knows legal cases in the field of taxation, both for companies and individuals, amazingly well. I like the way he communicates, not too formal, but still very professional and straightforward. We plan procedures so that we haven’t had any cases/questions in years with authorities; can’t think better tax advisor for my needs.’

‘Speed, knowledge, depth of alternative solutions beyond others, authority.’

Highlight-Mandate


Bird & Bird

Institutional investors and fund managers rely on Bird & Bird for its advice on PE structures and private financings. The team has recently bolstered its presence in the energy-related tax space and also distinguishes itself for its strength in VAT structuring. Ville Alahuhta is known for M&A related tax matters and W&I and tax indemnity insurance issues. Matias Vikström is also recommended.

Praxisleiter:

Ville Alahuhta


Weitere Kernanwälte:

Matias Vikström


Referenzen

‘They have a genuine „client always first“ approach. Always ready to run the extra mile and be available when needed.’

‘Practice head Ville Alahuhta is a great combination of client service, legal excellence and pragmatic business understanding. He leads his team always from the front line and carries responsibility. Matias Vikström is a promising next-generation lawyer with a clear passion for tax law and business.’

‘Hungry team looking for challenges. Ville Alahuhta is a strong and eager leader and is especially talented with fund structuring.’

Kernmandanten

Oji Holdings Corporation


S-Bank Plc


Holiday Club Resorts Oy


Leo Capital Europe Fund I Ky


Patria Group


CapS Procurement Services Oy


Ekokuljetus group


Legendary Capital Oy


Government of Åland


Merimieseläkekassa


Hoivatilat Oyj


Elisa Oyj


Edita Group


Adola


Sponsor Capital


FCDC Corp Oy


ST1 Sverige AB


Pelican Self Storage


Highlight-Mandate


  • Advised Leo Capital on the formation of a €25m fund for Nordic B2B startups, including all tax matters relating to the fund.
  • Advised Mehiläinen’s management and key personnel on a financing round exceeding EUR 2 billion.
  • Advised CapMan Plc and CaPS management on the €75m divestment of service business, CapMan Procurement Services Ltd.

HPP Attorneys

HPP Attorneys regularly represents foreign investors in the tax aspects of investments into Finland. The firm also has a solid reputation advising insurance companies on VAT treatment and withholding tax.  Jaakko Klemettilä oversees the team and advises on tax audits and the tax structuring of renewable energy deals.

Praxisleiter:

Jaakko Klemettilä


Weitere Kernanwälte:

Marko Koski


Highlight-Mandate