Tax rates
Tax rates applicable to resident individuals (of Finland):
Income tax on capital income (i.e. investment income) 28% paid to State.
Income tax on earned income paid to the local town or city (15% to 20%), paid to the church (1% to 2%) and paid to the State according to the progressive scale shown below. In addition, there is a social security charge called 'the health insurance contribution of the insured' paid by individuals (ca. 2%).
Finland has abolished net wealth tax in 2006.
Income tax table, state income tax on earned income only, for 2010
(In addition to the rates below, municipal and church taxes and the health insurance contribution will be collected at 16%
|
Earned income |
Tax at the lower limit |
Tax rate for amounts exceeding the lower limit |
|
€15,200 to €22,600 €22,600 to €36,800 €36,800 to €66,400 €66,400 -- |
€ 8.00 € 489.00 € 2,974.00 € 9,338.00 |
6.5% 17.5% 21.5% 30.0% |
Income tax table, state income tax on earned income only, for 2009
(In addition to the rates below, municipal and church taxes and the health insurance contribution will be collected at 16%
|
Earned income |
Tax at the lower limit |
Tax rate for amounts exceeding the lower limit |
|
€13,100 to €21,700 €21,700 to €35,300 €35,300 to €64,500 €64,500 -- |
€ 8.00 € 610.00 € 3,058.00 € 9,482.00 |
7.0% 18.0% 22.0% 30.5% |
Tax rates applicable to nonresident individuals (living in another country, not Finland)
Income tax on capital income (i.e. investment income) 28% paid to State.
Income tax on wages and salary income 35% paid to State (for the fees of sportsmen, athletes and performing artists, the rate is 15%). Before the 35% tax is collected, an amount of €17 per day can be deducted. In addition, if the nonresident is covered by the social security scheme of Finland, there will be a social security charge called 'the health insurance contribution of the insured' paid by individuals (ca. 2 %).
For any real property located in Finland, real estate tax will be paid to the local town, city or rural area. Residents and nonresidents alike are liable to pay real estate tax.