Tuesday, September 1, 2009
Tax Guide for Investors 2009
Sisältö
- Tax Guide for Investors 2009
- The main principles of taxation of private individuals
- Supplementing the tax returns
- Taxation of the yield on investments
- Insurance investment
- Capital gains taxation
- Interest deductions and capital income deficit
- Property tax and transfer tax
- Taxation of gifts and inheritance taxation
- Tax planning
- The 2009 tax rates
- Glossary
The 2009 tax rates
Individuals resident in Finland are basically liable to pay tax on their worldwide income. The rates of state income tax on earned income in year 2009 are as follows:
| Taxable income, EUR | Basic tax amount, EUR | Rate, % |
| 13,100 - 21,700 | 8 | 7,0 |
| 21,700 - 35,300 | 610 | 18,0 |
| 35,300 - 64,500 | 3,058 | 22,0 |
| 64,500 - | 9,482 | 30,5 |
The municipal tax is 18.59 % on an average.
The church tax averages 1,32 %. It is not collected from individuals that do not belong to the Finnish churches.
A salary earner has to in year 2009 pay 4.3 % on his gross income as pension insurance contributions. However, those over 53 years of age are liable to pay 5.4 %. The unemployment insurance contribution payable is 0.20%. These contributions are tax deductible.
The sickness insurance contribution is 1.98 % and it is partly deductible.
The sickness insurance contribution for pensioners is 1.45 %.
The inheritance tax rates
| Taxable inheritance or gift, EUR | Basic tax amount, EUR | Rate, % | Basic tax amount in second inheritance class (EUR) | Rate in second inheritance class (%) |
| 20,000 - 40,000 | 100 | 7 | 100 | 20 |
| 40,000 - 60,000 | 1,500 | 10 | 4,100 | 26 |
| 60,000 - | 3,500 | 13 | 9,300 | 32 |
From taxable inheritance can be deducted:
- spousal deduction 60,000 EUR
- under 18 years old deduction 40,000 EUR
The gift tax rates 2009
Taxable gift (EUR) Basic tax amount in first class (EUR) Rate in first class (%) Basic tax amount in second class (EUR)
Rate in second class (%)
4,000 - 17,000 100 7 100 20
17,000 - 50,000 1,010 10 2,700 26
50,000 - 4,310 13 11,280 32
First class
The tax is levied according to the first class tax rates when there is one of the following relationships between the beneficiary (correspondingly the donee) and the deceased (correspondingly the donor): spouse, child including the child of the surviving spouse, adopted child, father, mother, adoptive parents and their child or an adopted child or in some cases also the fiancée.
Second class
The tax is levied according to the second class tax rates in case of other relatives and all non-related persons.
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