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Finland Publishes Individual Income Tax Brackets for 2020

04 December 2019

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Approved Changes

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Finland

The Finnish tax administration has published the individual income tax brackets for 2020. The brackets and rates are as follows: up to EUR 18,100 - 0% over EUR 18,100 up to 27,200 - 6.00%   over EUR 27,200 up to 44,800 - 17.25% over EUR 44,800 up to 78,500 - 21.25%   over EUR 78,500 - 31.25%   Overall, the bracket thresholds are increased for 2020, while the rates are unchanged. Municipal taxes also apply in addition to the above rates, which generally range from 16.25% to 22.50%. Church taxes may also apply. Further to the income tax brackets, the tax rates on...