#

Ease of Doing Business in

Finland

Finland Download Profile (1711.5KB, pdf)
Region OECD high income
Income Category High income
Population 5,482,013
GNI Per Capita (US$) 46,360
City covered Helsinki

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 13 12 down
1
80.84 80.85 down
0.01
Starting a Business 28 26 down
2
93.13 93.11 up
0.02
Dealing with Construction Permits 40 36 down
4
75.72 75.82 down
0.10
Getting Electricity 18 16 down
2
88.97 88.97
-
Registering Property 20 19 down
1
82.94 82.94
-
Getting Credit 44 42 down
2
65.00 65.00
-
Protecting Minority Investors 70 69 down
1
56.67 56.67
-
Paying Taxes 13 12 down
1
90.23 90.31 down
0.08
Trading across Borders 33 33
-
92.44 92.44
-
Enforcing Contracts 30 29 down
1
69.40 69.40
-
Resolving Insolvency 1 1
-
93.89 93.81 up
0.08

DB 2017 Rank:

13

DB 2016 Rank:

12

Change in Rank:

down1

DB 2017 DTF (% points):

90.23

DB 2016 DTF (% points):

90.31

Change in DTF (% points):

down0.08

Indicator Finland OECD high income
Payments (number per year) info_outline 8 10.9
Time (hours per year) info_outline 93 163.4
Total tax rate (% of profit) info_outline 38.1 40.9
Postfiling index (0-100) info_outline 93.1 85.1
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% of profit) Notes on TTR
Pension insurance contributions 1 online 48 17.75% gross salaries 20.24
Corporate income tax 1 online 21 20% taxable profits 11.74
Social security contributions 1 online 2.14% gross salaries 2.44
Unemployment insurance contributions 1 online 0.75 - 2.95% gross salaries 1.29
Real estate tax 2 0.60%-1.35% property value 1.19
Accident insurance contributions 0 jointly 0.3% - 8%* gross salaries 1.03
Public Broadcasting tax 0 jointly Fixed fee 0.14
Group-life insurance contributions 0 jointly 0.07% gross salaries 0.08
Vehicle tax 1 Fixed fee depending on vehicle see sheet 7 0.00 small amount
Employee labor tax 0 gross salaries 0.00 not included
Value added tax (VAT) 1 online 24 24% net sales 0.00 not included
Totals: 8 93 38.1
  • Answer
    Profit tax (% of profit) 11.7
    Labor tax and contributions (% of profit) 25.1
    Other taxes (% of profit) 1.3
    Answer Score
    Postfiling index (0-100) 93.1
    VAT refunds 90.0
    Does VAT/GST exist? Yes
    Frequency of VAT/GST refund submission monthly
    Does a VAT/GST refund process exist per the case study? Yes
    Restrictions on VAT refund process None
    Likelihood of VAT audit Highly Unlikely
    Time to comply with VAT refund (hours) 5.0 90.0
    Time to obtain a VAT refund (weeks) 6.2 94.3
    Corporate income tax audits 88.1
    Does corporate income tax exist? Yes
    Likelihood of corporate income tax audit Highly unlikely
    Time to comply with a corporate income tax audit (hours) 8.0 88.1
    Time to complete a corporate income tax audit (weeks) 0.0 100.0
    Administrative appeal process
    First level administrative appeal authority Tax Administration's Board of Adjusment ("oikaisulautakunta")
    Is the appeal authority independent? Independent department within tax office
    Are appeal guidelines accessible to the public? Yes
    Source of appeal guidelines online/in person at tax office
    Is there a legal time limit for the appeal authority to issue a decision on the tax appeal? No
    Legal time limit

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.

The postfiling index is the average of the scores on time to comply with VAT refund, time to obtain a VAT refund, time to comply with a corporate income tax audit and time to complete a corporate income tax audit.

N/A = Not applicable.