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Tax rates

Tax rates applicable to resident individuals (of Finland):

Income tax on capital income (i.e. investment income) 30 % paid to State. The tax rate on capital income exceeding 30 000 euro is 34 %.

Income tax on earned income paid to the local town or city (16 to 23 %), 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 (0 to 2 %).  

Finland has abolished net wealth tax in 2006.

 

Income tax table, state income tax on earned income, for 2019

(In addition to the rates below, municipal and church taxes and the health insurance contribution will be collected at 18-26 %)

Earned income, euro

Tax at the lower limit, euro

Tax rate for amounts exceeding the lower limit, %

17 600 - 26 400

8,00

6,00

25 400 - 43 500

 536,00

17,25

43 500 - 76 100

3 485,75

21,25

76 100 -  

10 413,25

31,25

 

Income tax table, state income tax on earned income only, for 2018

(In addition to the rates below, municipal and church taxes and the health insurance contribution will be collected at 18-26 %)

Earned income, euro

Tax at the lower limit, euro

Tax rate for amounts exceeding the lower limit, %

17 200 to 25,700

8,00

6.00

25,700 to 42, 400

518.00

17.25

42,400 to 74,200

3,398.75

21.25

over 74,200

10,156.25

31.25


 

 

Natural persons pay an additional state tax on pension income at a tax rate of 5.85 % . The additional tax is levied on pension income taxed as earned income exceeding 47 000 euro after taking into account the pension income deduction concerning state tax.

Tax rates applicable to nonresident individuals (living in another country, not Finland)

Income tax on capital income (i.e. investment income) 30 % paid to State. The tax rate on capital income exceeding 30 000 euro is 34 %.

Tax at source on wages and salary income 35 % is paid to the State (for the fees of sportsmen, athletes and performing artists, the rate is 15%).  Before the 35 % tax is collected, an amount of 17 euro per day can be deducted. Pension income is taxed similarly as for resident individuals. 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 (0 to 2 %).  

You can request that your earned income be taxed under the progressive scale instead of the tax at source.Fill out the form VEROH 6148, available at www.tax.fi or local tax offices.

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.

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