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Two-year collective agreements for the Finnish Construction Trade Union

The collective agreement is valid for two years and it includes salary settlements for both years 2023 and 2024. In 2023, workers in the industry will see their pay increased with a 4% general increase. Pay tables will also be increased by the same percentage. The pay increases will come into force on 1 May …

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A new collective agreement for the salaried employees in the technology industry

The new collective agreement for the salaried employees in the technology industry is valid from February 10, 2023 to November 30, 2024. Salaried employees in the technology industry will be paid a lump sum of 444 euros in March. In addition, salaries shall be adjusted no later than on 1 April 2023 or at the …

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Taloushallinnon palvelut Econiasta

New collective agreement for the employees in the technology industry

The collective agreement is valid for two years and it includes salary settlements for both years 2023 and 2024. By the agreement salary revisions in 2023 will be carried out as described below the employees will be paid a one-time compensation of 400 euros (on average 1 % of earnings of regular working hours) in …

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Income Taxation of a Foreign Entity in Finland

The guidelines for Income taxation of non-resident foreign corporate entities have been updated regarding remote work when evaluating the formation of a permanent establishment. In remote work arrangements, work can be done partly at home, and partly in the office located in the foreign company’s country of residence, or elsewhere. When evaluating the formation of …

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The temporary changes to infectious disease allowance are expiring at the beginning of the year

As of 1 January 2023, a decision issued by a doctor responsible for infectious disease control will be required to qualify for infectious disease allowance. The application period for the allowance will also be shortened from 6 months to 2 months, therefore the application has to be filed within 2 months of the date from which …

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Econia’s Compliance & Advisory services prevent unethical activities

Econia specializes in managing foreign labor on Finnish construction sites. Our Compliance & Advisory services are used by several projects employing foreign subcontractors in Finland. We aim to ensure that taxes and obligations are handled correctly in the entire subcontracting chain, that collective agreements are followed and interpreted correctly on the site, and that employees …

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Changes in earnings-related pension contributions for 2023

This year there will be new differences between earnings-related pension insurance companies in TyEL contributions due to a legal amendment. This means, that each earnings-related pension insurance company will determine its own TyEL contribution component required for implementing earnings-related pensions and taking care of insurance policies, in other words, a so-called administrative cost component, and …

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