1. Aliisa, Hennamari & Ella
Taxation in Finland
Aliisa, Hennamari & Ella

2. Ways of taxation Earned income tax Indirect income tax
Progressive
Tax card tells the taxation rate (6,5-31,75%)
Indirect income tax
Social security contributions (2,12%)
Value added tax (VAT)
Products and services 24% (food 14%)
Excise tax: tobacco, alcohol, etc.

3. Ways of taxation pt. II Investment income tax Corporate tax
Dividends, rents and capital gains
>50 000€  30-32%
Corporate tax
Rate 20,0%
Property tax
Levied annually on the present market value
Usually about 0,60-1,35%

4. The usage of tax money Health care Education Day care Defence
Unemployment allowance
Parental allowance
Pensions
Study grant

5. Refunds and back taxes Back taxes Tax refund Not enough taxes paid
Too much taxes paid

6. Deductions Reduce the taxes you must pay Reduce the taxable income
Household expenses
Child maintenance
Reduce the taxable income
Daily travelling expenses

7. Taxation for foreigners
Taxes paid to Finland
6 months or less
Tax rate 35%
Tax-at-source card, deduction 17€/day
>6 months
Tax rate changes to progressive
Ordinary tax card

8. Sources
enterprise/taxation
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