Sandvik's €110.2M Corporate Tax Dwarfs Rivals in Tampere

Sandvik Mining and Construction Ltd paid €110.2 million in corporate tax in Tampere last year, topping the city's corporate tax list for 2025, according to Tamperelainen. That is roughly €20 million more than the company contributed the year before; Sandvik's taxable income for 2025 was about €551.5 million.

John Deere Forestry Ltd was the second-largest corporate taxpayer with €13.5 million on taxable income of €67.4 million, followed by Suomen Yliopistokiinteistöt Ltd at €13.2 million (taxable income €66.2 million). Pirkanmaan Osuuspankki and Pirkanmaan Osuuskauppa rounded out the top five with €8.8 million and €6.7 million respectively. The same companies dominated the top ranks a year earlier.

Corporate tax is set at 20 percent of a company's taxable income, with 76.35 percent of the 2025 yield going to the state and 23.65 percent to municipalities. Tampere expects to receive about €84.5 million in corporate tax revenue this year, up from €77.7 million collected in 2025.

The figures are drawn from data on vero.fi and the Ministry of Finance, according to Tamperelainen. Corporate tax helps fund the city's budget. The 2027 budget proposal kept the municipal income tax at 7.60 percent and plans €227.5 million in investments as outlined in the budget proposal. The city recorded a €32.5 million deficit for 2025, highlighting the importance of tax revenue for municipal finances the city's 2025 financial statement.