TAXES IN FINLAND (Easy Tax Tutorial 2022)
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- Опубликовано: 23 июл 2024
- TAXES IN FINLAND (Easy Tax Tutorial 2022)
0:00-0:52 What do you need to know about taxes in Finland?
0:53-5:59 How much income tax do you pay in Finland?
6:00-7:27 How to easily figure out your income tax rate?
7:28-7:57 What kind of taxes exist in Finland?
7:58-10:32 How does capital gains tax work in Finland?
10:33-11:09 How to pay your income tax in Finland?
11:10-12:25 How to get a tax card in Finland?
12:26-13:13 How to pay tax on investments in Finland?
13:14-14:48 How to adjust your taxes in Finland?
Got any more questions about taxes! Please ask them in the comments and me and Markus will do our best to answer!
Thank you so much for this video! It was very useful!
Wow a nice simple graph telling you exactly how much you pay according to income this isn’t that terrible
Thank you for the video
It was very logical 😉
Great video ❤❤
Thanks.
Great video. Are the pension and unemployment insurance contributions amounting to 8.65% deductible from income for tax calculation?
Yes they are and it's already included in the tax percentage of your tax card.
Any links to the source of the information would be really helpful if you could share those please
Hi thank you for your video . do you know where i can find local income tax in each city ? do they have website inform about this ?
i just Got the answer
Hi, when is it worth to choose the "Foreign key person" 32% of tax at source taxation? and what exactly mean the 32% like up to or always above a monthly €5800 salary? Thanks, Istvan
Really sorry but I dare not answer this😞 Reommend you ask Vero's customer support at vero.fi or mail them!
Hello Nordic Finans,
Thank you for you video, for the exemple you take with the 50 K€ i fully undestand and find the same thing on the Vero Website. In you example, in the video at 7'28 you take the 21,5% + 8,65% to get the 30,15%.
So she will pay 30,15% of 50K€ = 15 065€. She have to live net after taxes : 50k€ - 15,065k€ = 34 935 € for the year = 2 911,25€ / Month.
BUT, what is the "additionnal withholding rate at 37,5%" in the Vero document example ? What is that ?
The additional rate means that you pay that rate if you exceed your annual estimation.
Hi! If I have an income from Etsy (it’s a market place for handmade) which tax card do I have to order? I’m a foreign student here in Finland and I don’t have a job.
You report that as "foreign income" or "income from abroad" in your pre-filled tax form or tax card.
What about disel Vs petrol car taxes
Can u tell me please
Great video .. According to VERO Corporate income tax in Finland is 20% .. so is there a thing called "Tax on reinvested profits in Finland" meaning that we invest the profits back to business .. reason I am asking is that in Estonia e-Residency offer 0% tax on reinvested profits .. so we can reinvest whatever profit we make without getting taxed which will help a lot to grow the business. Also says "NO taxes on annual income and submit " .. can you please elaborate on this ?
Finland does not have that, only Estonia does. In Finland you pay 20% corporate tax.
Hi, i use vero to find my after tax salary but i dont get the words i am looking for. can you please show me , they used word that i dont really know the meaning etc "Work income deduction,Deductible amount" .
So work income deductions are any money you use to produce your income. If you have to travel with your own car alot during your work hours, what you pay for gas could be deducted here. Deductible amount is simply how much you want to deduct/remove... Hopefully that clears things up a little bit😇👍
@@NordicFinans so 'Deductible amount' = Nett salary is that so?
ok , thank you very much
Not quite, it's the amount you take away due to said expenses
@@NordicFinans so where i can find that net salary information? isn't it that website for knowing your net salary
Lets say I am paid 5000 every month, what will I get after tax?
How it works if I have a parallel income like selling and ebook but this income doesn't represent a significant amount?
This is a great question! I am not really sure🤔 My initial thought is that it falls under personal income tax unless you register it as a "company". BUT this is something you would have to check with Vero to make sure😇
You should report that as "other income" on your tax report.
Thank you so much Aleksi! Nice of you to help out!👍
How much tax rate is good for me if i earn 4000 with out tax
Hi,
Thanks a lot for the nice video. It is very helpful.
I had a question: I use E-Toro trading platform to buy and sell stocks. So when I sell/close a profitable stock, I have two options (1) Reinvest the profits within the platform, and (2) Withdraw it into my Finnish bank account. My question is, Is it so that I pay tax only when I withdraw it to my Finnish bank account [Option 2]?
Let me know. Thanks a lot.
You actually ALWAYS have to pay tax when selling stocks based on the total profit made on an annual basis. This is why holding stocks for a long time has tax benefit as well😇👍
@@NordicFinans Thanks a lot for your response. Yes holding long term has the best tax benefits.
I initially assumed we pay tax when we only withdraw our sold stock into our bank account. However now I understand better. Thanks a lot, this answer helps 😊
Yeah I thought the same at first, happy I could help!
Please also remember to always double check these things with Vero. I do my best but I am by no means an expert😇
@Athith Sagar - Nordnet (and I guess some other companies) provide an "OST" account in Finland (Equities Savings Account). This allows you to only pay tax when you withdraw money into you Finnish bank account. You can invest for as many years as you please without paying capital gains tax. There is a limit to how much you can invest in your OST (€50 000) and you can only have one "OST" per person. Also, you are only allowed to invest in stocks (no ETFs, funds, options etc..) The "OST" account is strictly only for stocks and dividends (no shorts). Another account (where you do have to report trades to the tax authorities) called the "AOT" can be used (optionally) for trades that are not allowed to be made from the "OST" account. Search Google for "osakesaastotili" for more information if that helps you.
Yes, thank you tiiveni for adding this! Super good point!👍
i want to move to finland. what do I have to pay in taxes for owning my retail property abroad and renting it out. an average of about 24,000 per year
You pay 30% from the profits (income - expenses)
What all expenses are deductible from taxation?
Depends on your situation, we do our best to walk you through the things that apply to most people in this video, starting from the point in the link: ruclips.net/video/aNykjvVVo7Y/видео.html
Do foreigner working in finland pay local income tax and contributions as well?
Yes
Hello .
How to do taxation for toiminimi? Kiitos 🙏🙏
I recommend getting an accountant for that.
Can you say what will be paid monthly?
That depends on several factors, I suggest you try the tax calculator at vero.fi and fill it in with the relevant information for your case
3:31 1,5% is not unemploymment insurance contribution
It is Daily allowance contribution of health insurance 1,01% + Health care contribution of health insurance 0,51%
Unemploymment insurance contribution is an extra tax. In 2024 it is 0,79%
As a student with permit type A, is my spouse eligible for healthcare and unemployment benefits if she wish to join finish language class from Kela in 2024?
If she moves to Finland for at least a year, yes.
oh wth
mom can we have aleksi himself?
we have aleksi himself at home
aleksi himself at home:
but fr, I was so sure that i clicked one of his videos lol
Thanks for this wonderful video..I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mr Nicholas
Wow I'm just shock you mentioned and recommended Expert Mr Nicholas,I thought I'm the only trading with him
@@andrewcharles5437 You don't have to be shocked because I'm also a huge beneficiary of expert Mr Nicholas
Here in Holland Expert Mr Nicholas carries out the both orientation and mentorship
potentials
whats bbest trading platform in finland for expat?
Both me and Markus can recommend Degiro which is the stock trading platform we use👍
@@NordicFinans Is it possible to convert degiro in English?
@@NordicFinans do degiro send automatic to the tax office win and losses?
@@azerua99 No. But they send you a report for you to file yourself. I went with Nordnet for this reason.
How much student tax for internetional students in Finland??
Please reply fast
No i don't, but i must :p
is this same for foreign workers.
Yes
What if I make 31000€ (I wish😉) of dividend? Is it 30% or 34%?
First 30k 30%, the rest 1k 34%.