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...
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 2023 or from the start of the next salary payment period after that. Contract work currently underway and collective agreement specific contract prices will also be increased by 4%.
In 2024, salaries will be increased from the salary payment period starting closest to 15 May 2024. The general increase will be 2% and the table-based pay increase 2%.
Planning to expand your business to Finland? Need help with permits, registrations or workforce?
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...
Special permit required in certain company setup situations
When establishing a limited company or a subsidiary of a foreign enterprise in Finland, you may need a licence from the Finnish Patent and...