Finland Tax Agency Issues Decision on Method, Amount of Withholding Tax

The Finnish Tax Administration Nov. 20 issued Decision No. VH/5934/00.01.00/2023, clarifying method and amount of withholding tax. The decision includes: 1) withholding tax rates on joint performance, income from seafaring work, and income from foreign employment; 2) a 1.52 percent withholding tax wherein the annual income from foreign employment or insurance salary is at least 16,499 euros (US$18,003) and 0.51 percent for income less than 16,499 euros; 3) withholding tax rates on pensions and annuities; 4) withholding tax rates for daily allowance, rehabilitation allowance and subsidy, insurance and damage compensation, and certain refunds; 5) a 25 percent withholding tax on ...