VAT rate reduced from 14% to 13.5%
The 14% VAT rate will be reduced to 13.5%. The change is intended to take effect as early as January 1, 2026. The change will apply broadly to...
Pension Insurance Contribution:
Employees, who are 17-52 years old 7,15 %
Employees, who are 53-62 years old 8,65 %
Employees, who are 63-68 years old 7,15 %
Unemployment insurance contribution 1,50 %
Health insurance daily allowance contribution 1,18 % (Included in payroll tax)
Pension Insurance Contribution 17,40 % (average)
Total earnings-related pension insurance contribution rate 25,85 % (average)
Unemployment insurance contribution 0,50 % (up to 2 197 500 euros and 2,05 % beyond)
Employer’s health insurance premium 1,34 %
Accident insurance premium (percentage depends on salaries and the risk of accident at work) 1 % – 7 %
Group life insurance premium 0,06 – 0,07 %
The 14% VAT rate will be reduced to 13.5%. The change is intended to take effect as early as January 1, 2026. The change will apply broadly to...
Are you a construction or industrial company and planning to start a project or expand your business to Finland? You’re not alone. Every year, dozens...
When establishing a limited company or a subsidiary of a foreign enterprise in Finland, you may need a licence from the Finnish Patent and...