The Republic of Finland

Currency
Euro (EUR)
Payroll Frequency
Monthly
Employer Taxes
18.53% to 20.38%

About 

Finland

Finland is a Nordic, Northern European country with land borders with Sweden, Russia, and Norway. Finland has a highly developed economy and scores highly on many metrics related to quality of life, being rated the happiest country in the world from 2018 to 2021.

Overview

Population
5,536,146
Language
Finnish
Capital
Helsinki
Currency
Euro (EUR)
Country code
+358
Min wage
No statutory minimum wages
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours per week

Payroll

Cycle

Monthly

Avg employer tax

18.53% to 20.38%

Taxation

Tax breakdown - Employer
  • Pension insurance: 16.95% average TyEL contribution
  • Health insurance: 1.53%
  • Unemployment insurance: 0.05% (1.90% For the part of the salary amount that exceeds 2,169,000 EUR per year)
  • Accident insurance premium: based on salary and job risk
  • Group life insurance premium: depends on the collective labor agreement and varies by industry and company
VAT

24%

Holidays / PTO

Public holidays in 2024
  • 1 Jan: New Year's Day
  • 6 Jan: Epiphany
  • 15 Apr: Good Friday
  • 17 Apr: Easter Sunday
  • 18 Apr: Easter Monday
  • 1 May: May Day
  • 26 May: Ascension Day
  • 5 Jun: Whit Sunday
  • 24 Jun: Midsummer's Eve
  • 25 Jun: Midsummer Day
  • 5 Nov: All Saints' Day
  • 6 Dec: Independence Day
  • 24 Dec: Christmas Eve
  • 25 Dec: Christmas Day
  • 26 Dec: 2nd Day of Christmas
Sick days

Employees with more than one months' service are entitled to full sick pay from their employer for the first ten days. Beyond that period, eligible employees can receive 50% of their salary paid for by social security.

Maternity leave

Maternity leave is only paid if that is stipulated in the employment contract or collective agreement. Maternity leave entitlement is 105 days, no week is allowed for two weeks on either side of the due date/birth.

Paternity leave

Paternity leave is 54 days which must be taken in the first two years of the child's life.

Termination

Termination Process

Termination processes vary depending on the type of contract, reason for termination, the employment agreement, and any collective agreements in place.

Notice Period

Notice periods generally depend on the reason for termination and length of service, if the employer terminates the contract the periods are:

  • Up to one year: 14 days’ notice
  • One to four years: one months’ notice
  • Four to eight years: two months’ notice
  • Eight to 12 years: four months’ notice
  • Over 12 years: six months’ notice
  • If the employee ends the contract they must give 14 days' notice if they have been employed for up to five years or one month if longer than that.
Severance Pay

Finland does not have statutory severance pay.

Probation Period

The maximum probationary period in Finland is six months.

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Tax Calculation

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FI
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Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
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The Republic of Finland

العملة
Euro (EUR)
تردد الرواتب
Monthly
ضرائب أصحاب العمل
18.53% to 20.38%

عن 

The Republic of Finland

Finland is a Nordic, Northern European country with land borders with Sweden, Russia, and Norway. Finland has a highly developed economy and scores highly on many metrics related to quality of life, being rated the happiest country in the world from 2018 to 2021.

ملخص

التركيبة السكانية
5,536,146
اللغة
Finnish
العاصمة
Helsinki
العملة
Euro (EUR)
رمز الاتصال الدولي
+358
الحد الأدنى للأجور
No statutory minimum wages
ساعات العمل
8 hours per day
أيام الأسبوع
Monday to Friday
ساعات العمل اسبوعيا
40 hours per week

الرواتب

موعد صرف الرواتب

Monthly

متوسط ​​ضريبة صاحب العمل

18.53% to 20.38%

تحصيل الضرائب

التوزيع الضريبي - صاحب العمل
  • Pension insurance: 16.95% average TyEL contribution
  • Health insurance: 1.53%
  • Unemployment insurance: 0.05% (1.90% For the part of the salary amount that exceeds 2,169,000 EUR per year)
  • Accident insurance premium: based on salary and job risk
  • Group life insurance premium: depends on the collective labor agreement and varies by industry and company
ضريبة القيمة المضافة

24%

العطل / PTO

العطلات الرسمية في عام 2024
  • 1 Jan: New Year's Day
  • 6 Jan: Epiphany
  • 15 Apr: Good Friday
  • 17 Apr: Easter Sunday
  • 18 Apr: Easter Monday
  • 1 May: May Day
  • 26 May: Ascension Day
  • 5 Jun: Whit Sunday
  • 24 Jun: Midsummer's Eve
  • 25 Jun: Midsummer Day
  • 5 Nov: All Saints' Day
  • 6 Dec: Independence Day
  • 24 Dec: Christmas Eve
  • 25 Dec: Christmas Day
  • 26 Dec: 2nd Day of Christmas
الإجازات المرضية

Employees with more than one months' service are entitled to full sick pay from their employer for the first ten days. Beyond that period, eligible employees can receive 50% of their salary paid for by social security.

إجازة الأمومة

Maternity leave is only paid if that is stipulated in the employment contract or collective agreement. Maternity leave entitlement is 105 days, no week is allowed for two weeks on either side of the due date/birth.

إجازة الأبوة

Paternity leave is 54 days which must be taken in the first two years of the child's life.

إنهاء العقد

عملية الإنهاء

Termination processes vary depending on the type of contract, reason for termination, the employment agreement, and any collective agreements in place.

فترة الإشعار

Notice periods generally depend on the reason for termination and length of service, if the employer terminates the contract the periods are:

  • Up to one year: 14 days’ notice
  • One to four years: one months’ notice
  • Four to eight years: two months’ notice
  • Eight to 12 years: four months’ notice
  • Over 12 years: six months’ notice
  • If the employee ends the contract they must give 14 days' notice if they have been employed for up to five years or one month if longer than that.
مكافأة نهاية الخدمة

Finland does not have statutory severance pay.

فترة الاختبار

The maximum probationary period in Finland is six months.

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حساب الضريبة

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تكلفة صاحب العمل
إجمالي تكلفة التوظيف الشهرية
GBP 9,633
إجمالي تكاليف الراتب الشهري
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
تكلفة الموظف
صافي الراتب الشهري
GBP 5,137
الراتب الشهري الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
Employer cost
إجمالي تكلفة التوظيف السنوية
GBP 9,633
إجمالي تكاليف الرواتب السنوية
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
Employee cost
صافي الراتب السنوي
GBP 5,137
الراتب السنوي الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
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