Manage Payroll Tax in Finland

Taxes in Finland

Employer

20%

Corporate income tax rate

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

Up to €18,600

€18,600 – €27,900

17.25%

€27,900 – €45,900

21.25%

€45,490 – €80,500

31.25%

Over €80,500