Manage Payroll Tax in Finland

Taxes in Finland

Employer

Corporate income tax rate: 20%

16.95 %

Pension insurance

1.53 %

Health insurance

0.20 %

Unemployment insurance (0.80% for whatever portion of the pay that exceeds €2,455,000)

Tentative accident insurance premium, depending on risk level taken at work

Group life insurance premium (if agreed in any collective bargain)

Employee

7.15 %

Pension insurance (8.65% charged if the employee is aged 53 - 62)

0.68 %

Health insurance (1.86% for salaries above €14,766)

0.59 %

Unemployment insurance

Personal income tax rates

0 %

Up to €18,600

6 %

18,600 – 27,900

17.25 %

27,900 – 45,900

21.25 %

45,490 – 80,500

31.25 %

Over 80,500