Finland, with its average population density of 16 inhabitants per square kilometre, is one of the most sparsely populated countries in the European Union, with only Norway and Iceland having a lower population density. The total population of Finland is about 5.5 Million and growing. It is best known for its unspoilt natural beauty, especially the forests and lakes.
Finland is known for its advanced service, manufacturing and refining industries. The economic sectors include timber, freshwater, and diverse mineral resources. Electronics, machinery, engineered metal products, chemicals, and the forest products are the major sources of income. Telecommunication is as well established and a vital industry and makes the Finnish economy competitive.
CXC Global’s local expertise and knowledge of Finland, allows us to work closely with our clients, assist with Local Tax and Social Security Registration, VAT Registration, including a preparation of a personal income tax return at the end of the tax year.
Contracting in Finland is not a simple task. The taxation system in Finland is complex and is not contractor friendly. Finland is recognised for being a country with some of the highest living standards and taxes in the world. They has entered into Double Taxation Treaties with many countries and do not encourage contracting.
For foreign national contract workers, working in Finland, it would be wise to consult with CXC Global on the best way to structure, and how best to balance taxation.
Preparation of personal income tax return at the end of the tax year