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Finland Individual Income Tax and Pension Contribution Changes for 2017

21 September 2016

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Proposed Changes

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Finland

As part of the 2017 Budget, the Finnish government has proposed adjusting the individual income tax rates and brackets as follows: EUR16,900 up to 25,300 - 6.25%   over EUR 25,300 up to 41,200 - 17.5% over EUR 41,200 up to 73,100 - 21.5%   over EUR 73,100 - 31.55%   In addition, a proposal has been submitted that would decrease the pension contribution payable by employers, while increasing the contribution payable by employees. As proposed, the employer contribution rate would be decreased by 0.2% in 2017 and 2018 and by 0.4% in 2019 and 2020, with corresponding increases in the employee contribution...