Who is liable to pay Finnish Income Tax?
Individuals resident in Finland are taxed on their worldwide income while non-resident individuals are subjected to income tax payments in Finland only on income from Finnish sources.
Who is a Tax Resident of Finland?
An individual is considered a Finnish resident if he/she has a permanent home or habitual abode in Finland or has stayed in the country/territory for a period of more than 6 months.
What is the tax year end?
31st December
When are tax returns due?
7th May, 14th May or 21st May
Is there a personal tax allowance?
Individuals are entitled to an annual personal allowance of 6000 euros per year or up to 500 euros per month.
What are the tax rates?
Residents are taxed Progressively on earned income with rates ranging from 6% to 31.3%.
What are the social security rates?
A social security charge called ‘the health insurance contribution of the insured’ is paid by individuals at a rate of between 0 to 2 %.
Can I be self-employed, or must I become an employee to work in Finland?
You can be self-employed in Finland. Contact us for more details.