Taxes in Finland
The capital of Finland is Helsinki, the country's population is 5 people. 465% of the territory of the Northern European state is covered by forests.
Finland is famous all over the world for its completely unhurried pace, a huge number of lakes and excellent conditions for conducting the chosen commercial activity.
Company «E-COMMERCE BROKER offers open a company in Finland on favorable partnership terms. When you contact us, we will provide detailed advice related to the taxation of the country and other nuances of the assigned tasks.
In the work process, we rely on the current legislation of the chosen jurisdiction, taking into account the expressed wishes of the client. We provide different types of services, from company registration in different countries of the world to acquiring.
Finnish tax system
Taxation for legal entities in Finland is based on the income received, the increase in the authorized capital and some other income parts. Each organization that conducts its activities in the territory of this European country is required to pay a tax payment, the fixed rate of which is 20%.
A company is considered Finnish if it is registered in the state according to a transparent scheme, in strict accordance with current legislation. The main taxes in Finland:
- payroll tax – 32%;
- value added tax – 24%, reduced rates 0%, 10%, 14%;
- amount of government duties depend on the type of transaction performed;
- the level of increase in the authorized capital is included in the main tax burden.
Enterprises pay taxes on all income received, whether received in Finland or abroad. The same rules apply to individuals.
The government of this jurisdiction has existing agreements with more than 80 countries on the suppression of double taxation. In accordance with Finnish legal framework deductions from direct tax payments are allowed.
Companies that have the form of ownership as a limited liability company enjoy a special tax rate system
Before conducting taxable activities in a Nordic state, the owner of the company must notify the relevant government authorities of his intentions.
Company Experts «E-COMMERCE BROKER will help you draw up the relevant documents and submit them to certain institutions in Finland. Process company registration in Finland begins with correctly filling out and submitting a special Y1 form.
After this, the Finnish department enters the newly created organization into the register and determines the value added tax rate. This indicator depends primarily on the type of activity chosen.
It is worth noting that if the cash turnover for a calendar year is less than 8,5 thousand euros, then registering the company is not a prerequisite. Provided that the level of profit varies from 8,5 to 22,5 thousand euros, the company has a legal right to existing tax benefits, or complete exemption from taxes.
To find out more details and features of the Finnish tax system, please contact us using the contacts provided. Our team works responsibly, competently and for results. We are always aware of changes in legislation in different jurisdictions.
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