TAXES IN FINLAND (Easy Tax Tutorial 2022)

Поділитися
Вставка
  • Опубліковано 3 жов 2024

КОМЕНТАРІ • 106

  • @NordicFinans
    @NordicFinans  2 роки тому +1

    Got any more questions about taxes! Please ask them in the comments and me and Markus will do our best to answer!

  • @realistblue-_-136
    @realistblue-_-136 8 місяців тому +3

    Wow a nice simple graph telling you exactly how much you pay according to income this isn’t that terrible

  • @svitlanaberko
    @svitlanaberko Рік тому

    Thank you so much for this video! It was very useful!

  • @joyjoan3744
    @joyjoan3744 2 роки тому +26

    Thanks for this wonderful video..I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

    • @juniorwilly1548
      @juniorwilly1548 2 роки тому

      Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

    • @johndavid8472
      @johndavid8472 2 роки тому

      I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend expert, Mr Nicholas

    • @andrewcharles5437
      @andrewcharles5437 2 роки тому

      Wow I'm just shock you mentioned and recommended Expert Mr Nicholas,I thought I'm the only trading with him

    • @samanthareahel8687
      @samanthareahel8687 2 роки тому

      @@andrewcharles5437 You don't have to be shocked because I'm also a huge beneficiary of expert Mr Nicholas

    • @hauwaidris2001
      @hauwaidris2001 2 роки тому

      Here in Holland Expert Mr Nicholas carries out the both orientation and mentorship
      potentials

  • @debetongcrypto
    @debetongcrypto Рік тому

    Great video ❤❤

  • @dopetag
    @dopetag Рік тому

    Thank you for the video
    It was very logical 😉

  • @PavelQuiteGood
    @PavelQuiteGood 3 місяці тому

    3:31 1,5% is not unemploymment insurance contribution
    It is Daily allowance contribution of health insurance 1,01% + Health care contribution of health insurance 0,51%
    Unemploymment insurance contribution is an extra tax. In 2024 it is 0,79%

  • @georgegeorge581
    @georgegeorge581 2 роки тому +1

    Thanks.

  • @Olga-n7v8e
    @Olga-n7v8e 7 місяців тому +2

    Hi! If I have an income from Etsy (it’s a market place for handmade) which tax card do I have to order? I’m a foreign student here in Finland and I don’t have a job.

    • @AleksiHimself
      @AleksiHimself 5 місяців тому +1

      You report that as "foreign income" or "income from abroad" in your pre-filled tax form or tax card.

  • @nicolas2129
    @nicolas2129 2 роки тому +2

    Hello Nordic Finans,
    Thank you for you video, for the exemple you take with the 50 K€ i fully undestand and find the same thing on the Vero Website. In you example, in the video at 7'28 you take the 21,5% + 8,65% to get the 30,15%.
    So she will pay 30,15% of 50K€ = 15 065€. She have to live net after taxes : 50k€ - 15,065k€ = 34 935 € for the year = 2 911,25€ / Month.
    BUT, what is the "additionnal withholding rate at 37,5%" in the Vero document example ? What is that ?

    • @AleksiHimself
      @AleksiHimself 5 місяців тому

      The additional rate means that you pay that rate if you exceed your annual estimation.

  • @athithsagar3126
    @athithsagar3126 2 роки тому +3

    Hi,
    Thanks a lot for the nice video. It is very helpful.
    I had a question: I use E-Toro trading platform to buy and sell stocks. So when I sell/close a profitable stock, I have two options (1) Reinvest the profits within the platform, and (2) Withdraw it into my Finnish bank account. My question is, Is it so that I pay tax only when I withdraw it to my Finnish bank account [Option 2]?
    Let me know. Thanks a lot.

    • @NordicFinans
      @NordicFinans  2 роки тому +1

      You actually ALWAYS have to pay tax when selling stocks based on the total profit made on an annual basis. This is why holding stocks for a long time has tax benefit as well😇👍

    • @athithsagar3126
      @athithsagar3126 2 роки тому +1

      @@NordicFinans Thanks a lot for your response. Yes holding long term has the best tax benefits.
      I initially assumed we pay tax when we only withdraw our sold stock into our bank account. However now I understand better. Thanks a lot, this answer helps 😊

    • @NordicFinans
      @NordicFinans  2 роки тому +1

      Yeah I thought the same at first, happy I could help!
      Please also remember to always double check these things with Vero. I do my best but I am by no means an expert😇

    • @WindyM
      @WindyM 2 роки тому +1

      @Athith Sagar - Nordnet (and I guess some other companies) provide an "OST" account in Finland (Equities Savings Account). This allows you to only pay tax when you withdraw money into you Finnish bank account. You can invest for as many years as you please without paying capital gains tax. There is a limit to how much you can invest in your OST (€50 000) and you can only have one "OST" per person. Also, you are only allowed to invest in stocks (no ETFs, funds, options etc..) The "OST" account is strictly only for stocks and dividends (no shorts). Another account (where you do have to report trades to the tax authorities) called the "AOT" can be used (optionally) for trades that are not allowed to be made from the "OST" account. Search Google for "osakesaastotili" for more information if that helps you.

    • @NordicFinans
      @NordicFinans  2 роки тому +1

      Yes, thank you tiiveni for adding this! Super good point!👍

  • @santoshsubedi7099
    @santoshsubedi7099 2 роки тому +4

    Do foreigner working in finland pay local income tax and contributions as well?

  • @davidrivera5720
    @davidrivera5720 Рік тому

    Any links to the source of the information would be really helpful if you could share those please

  • @FOREVERGLOWAGAK
    @FOREVERGLOWAGAK Рік тому +1

    Great video. Are the pension and unemployment insurance contributions amounting to 8.65% deductible from income for tax calculation?

    • @AleksiHimself
      @AleksiHimself 5 місяців тому

      Yes they are and it's already included in the tax percentage of your tax card.

  • @istvancsikos1811
    @istvancsikos1811 2 роки тому +2

    Hi, when is it worth to choose the "Foreign key person" 32% of tax at source taxation? and what exactly mean the 32% like up to or always above a monthly €5800 salary? Thanks, Istvan

    • @NordicFinans
      @NordicFinans  2 роки тому

      Really sorry but I dare not answer this😞 Reommend you ask Vero's customer support at vero.fi or mail them!

  • @godilite
    @godilite 2 роки тому +1

    Lets say I am paid 5000 every month, what will I get after tax?

  • @jettchana7901
    @jettchana7901 Рік тому

    What about disel Vs petrol car taxes
    Can u tell me please

  • @Takabastian
    @Takabastian 2 роки тому +1

    Hi thank you for your video . do you know where i can find local income tax in each city ? do they have website inform about this ?

  • @Takabastian
    @Takabastian 2 роки тому +2

    Hi, i use vero to find my after tax salary but i dont get the words i am looking for. can you please show me , they used word that i dont really know the meaning etc "Work income deduction,Deductible amount" .

    • @NordicFinans
      @NordicFinans  2 роки тому +1

      So work income deductions are any money you use to produce your income. If you have to travel with your own car alot during your work hours, what you pay for gas could be deducted here. Deductible amount is simply how much you want to deduct/remove... Hopefully that clears things up a little bit😇👍

    • @Takabastian
      @Takabastian 2 роки тому +1

      @@NordicFinans so 'Deductible amount' = Nett salary is that so?

    • @Takabastian
      @Takabastian 2 роки тому

      ok , thank you very much

    • @NordicFinans
      @NordicFinans  2 роки тому

      Not quite, it's the amount you take away due to said expenses

    • @Takabastian
      @Takabastian 2 роки тому

      @@NordicFinans so where i can find that net salary information? isn't it that website for knowing your net salary

  • @dilshanifin
    @dilshanifin Рік тому

    Great video .. According to VERO Corporate income tax in Finland is 20% .. so is there a thing called "Tax on reinvested profits in Finland" meaning that we invest the profits back to business .. reason I am asking is that in Estonia e-Residency offer 0% tax on reinvested profits .. so we can reinvest whatever profit we make without getting taxed which will help a lot to grow the business. Also says "NO taxes on annual income and submit " .. can you please elaborate on this ?

    • @AleksiHimself
      @AleksiHimself 5 місяців тому

      Finland does not have that, only Estonia does. In Finland you pay 20% corporate tax.

  • @godilite
    @godilite 2 роки тому +1

    Can you say what will be paid monthly?

    • @NordicFinans
      @NordicFinans  2 роки тому +1

      That depends on several factors, I suggest you try the tax calculator at vero.fi and fill it in with the relevant information for your case

  • @namaenomore7831
    @namaenomore7831 3 місяці тому

    oh wth
    mom can we have aleksi himself?
    we have aleksi himself at home
    aleksi himself at home:
    but fr, I was so sure that i clicked one of his videos lol

  • @johnja5002
    @johnja5002 2 роки тому +1

    What all expenses are deductible from taxation?

    • @NordicFinans
      @NordicFinans  2 роки тому

      Depends on your situation, we do our best to walk you through the things that apply to most people in this video, starting from the point in the link: ua-cam.com/video/aNykjvVVo7Y/v-deo.html

  • @playbindas5506
    @playbindas5506 8 місяців тому

    As a student with permit type A, is my spouse eligible for healthcare and unemployment benefits if she wish to join finish language class from Kela in 2024?

    • @AleksiHimself
      @AleksiHimself 5 місяців тому

      If she moves to Finland for at least a year, yes.

  • @millioneuro8556
    @millioneuro8556 Рік тому

    How much tax rate is good for me if i earn 4000 with out tax

  • @santoshchowdhary2425
    @santoshchowdhary2425 7 місяців тому

    is this same for foreign workers.

  • @limaorh
    @limaorh 2 роки тому +1

    How it works if I have a parallel income like selling and ebook but this income doesn't represent a significant amount?

    • @NordicFinans
      @NordicFinans  2 роки тому

      This is a great question! I am not really sure🤔 My initial thought is that it falls under personal income tax unless you register it as a "company". BUT this is something you would have to check with Vero to make sure😇

    • @AleksiHimself
      @AleksiHimself 2 роки тому +4

      You should report that as "other income" on your tax report.

    • @NordicFinans
      @NordicFinans  2 роки тому +1

      Thank you so much Aleksi! Nice of you to help out!👍

  • @Ralph-ii4ji
    @Ralph-ii4ji 2 роки тому +2

    whats bbest trading platform in finland for expat?

    • @NordicFinans
      @NordicFinans  2 роки тому

      Both me and Markus can recommend Degiro which is the stock trading platform we use👍

    • @geniusmukesh
      @geniusmukesh 2 роки тому +1

      @@NordicFinans Is it possible to convert degiro in English?

    • @azerua99
      @azerua99 2 роки тому +1

      @@NordicFinans do degiro send automatic to the tax office win and losses?

    • @daya455
      @daya455 2 роки тому +1

      @@azerua99 No. But they send you a report for you to file yourself. I went with Nordnet for this reason.

    • @chintansoni5485
      @chintansoni5485 2 роки тому +1

      How much student tax for internetional students in Finland??
      Please reply fast

  • @hareshkumar5368
    @hareshkumar5368 Рік тому

    Hello .
    How to do taxation for toiminimi? Kiitos 🙏🙏

    • @AleksiHimself
      @AleksiHimself 5 місяців тому

      I recommend getting an accountant for that.

  • @patron10q
    @patron10q Рік тому

    i want to move to finland. what do I have to pay in taxes for owning my retail property abroad and renting it out. an average of about 24,000 per year

    • @AleksiHimself
      @AleksiHimself 5 місяців тому

      You pay 30% from the profits (income - expenses)

  • @atchutram9894
    @atchutram9894 Рік тому

    What if I make 31000€ (I wish😉) of dividend? Is it 30% or 34%?

    • @AleksiHimself
      @AleksiHimself 5 місяців тому +1

      First 30k 30%, the rest 1k 34%.

  • @azerua99
    @azerua99 2 роки тому +1

    No i don't, but i must :p