Paying Taxes in Finland

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Finland, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Pension insurance contributions1online filing20016.7%gross salaries19 
Corporate income tax1 2126.0%taxable profits17.1 
Social security contributions1online filing-6.051%-6.058%gross salaries6.9 
Unemployment insurance contributions1online filing-0.75%-2.95%gross salaries2.3 
Accident insurance contributions0paid jointly-1.1%gross salaries1.3 
Real estate tax2 -0.5%-1%property value1 
Group-life insurance contributions0paid jointly-0.1%gross salaries0.1 
Vehicle tax1 -fixed fee depending on vehicle  small amount
Value added tax (VAT)1online filing2222.0%value added not included
Totals:8 243  47.7 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.