Moving from EU

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Sighthound
Posts: 24
Joined: Tue Nov 21, 2017 10:43 am

Moving from EU

Post by Sighthound » Tue Nov 21, 2017 11:09 am

Hi There,
Thinking of moving to Finland and i would like to have some informations about the following.

I'm an EU Citizen ( currently living in UK ).
My employer proposed me to move to Finland for one year to " Explore the market ", working from home.

so, if i accept, i will move to finland, rent an house but have " no official income " in Finland, as my working contract is with my british employer and my salary get paid on my account...

Is that ok?



Moving from EU

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Upphew
Posts: 10026
Joined: Tue Apr 08, 2008 10:55 pm
Location: Lappeenranta

Re: Moving from EU

Post by Upphew » Tue Nov 21, 2017 4:16 pm

Sighthound wrote:Hi There,
Thinking of moving to Finland and i would like to have some informations about the following.

I'm an EU Citizen ( currently living in UK ).
My employer proposed me to move to Finland for one year to " Explore the market ", working from home.

so, if i accept, i will move to finland, rent an house but have " no official income " in Finland, as my working contract is with my british employer and my salary get paid on my account...

Is that ok?
You can live and work here for three months, no questions asked. After that you must register yourself. See www.migri.fi
For tax purposes... see tax.fi basically all your income is taxable here if you stay for over 6 months.
http://google.com http://translate.google.com http://urbandictionary.com
Visa is for visiting, Residence Permit for residing.


Sighthound
Posts: 24
Joined: Tue Nov 21, 2017 10:43 am

Re: Moving from EU

Post by Sighthound » Tue Nov 21, 2017 4:26 pm

Thanks
so basically:

First 6 Months i continue to pay taxes on my wages in UK

After 6 months if i want to continue to stay, i don't pay any taxes on my wage in UK and pay taxes on my wage in Finland..is that correct?


Sighthound
Posts: 24
Joined: Tue Nov 21, 2017 10:43 am

Re: Moving from EU

Post by Sighthound » Thu Nov 23, 2017 12:14 pm

So in the First 6 months, do i need to pay any tax at all in FInland?

Also, could anyone give me any idea of the cost to rent an house?

not an apartment but an house, outside the city, possibly in the countryside..

Any area ( was thinking Kotka/kouovla )


Moving Again
Posts: 38
Joined: Sun Mar 28, 2010 12:03 pm

Re: Moving from EU

Post by Moving Again » Thu Nov 23, 2017 8:17 pm

Sighthound wrote:Thanks
so basically:

First 6 Months i continue to pay taxes on my wages in UK

After 6 months if i want to continue to stay, i don't pay any taxes on my wage in UK and pay taxes on my wage in Finland..is that correct?
Stay a day longer than 6 months and you pay the Finnish taxes for the first six months, claiming back the UK taxes for that period.


Sighthound
Posts: 24
Joined: Tue Nov 21, 2017 10:43 am

Re: Moving from EU

Post by Sighthound » Thu Nov 23, 2017 9:59 pm

Clear
how can i calculate income taxes?
Lets say for example on a salary of 40000 EUR gross.


Upphew
Posts: 10026
Joined: Tue Apr 08, 2008 10:55 pm
Location: Lappeenranta

Re: Moving from EU

Post by Upphew » Sat Nov 25, 2017 12:01 pm

Sighthound wrote:Clear
how can i calculate income taxes?
Lets say for example on a salary of 40000 EUR gross.
First hit on google with keywords finland tax calculator: https://prosentti.vero.fi/VPL2017/Sivut ... ieli=en-US
http://google.com http://translate.google.com http://urbandictionary.com
Visa is for visiting, Residence Permit for residing.


Sighthound
Posts: 24
Joined: Tue Nov 21, 2017 10:43 am

Re: Moving from EU

Post by Sighthound » Sat Nov 25, 2017 12:10 pm

Yes but not v ery clear to me..
if i put city Kotka, no church tax, 60K of Gross income, it came out as:

Calculation of total taxes and tax-like charges for the entire year
Total taxes and tax-like charges for the entire year 17265,48
Projected taxes for the rest of the year 17265,48
Future income 60000,00

Results of calculation
Basic rate 29,0
Additional rate 44,0
Withholding also includes pension and unemployment insurance premiums amounting to 6.15% and 1.60%.
Please add 7.75 percentage points to arrive at your actual withholding and to work out your actual take-home pay.

so how much is the % of taxes on 60K/year and how much i take home? 3560 EUR/month?


Upphew
Posts: 10026
Joined: Tue Apr 08, 2008 10:55 pm
Location: Lappeenranta

Re: Moving from EU

Post by Upphew » Sat Nov 25, 2017 1:26 pm

Sighthound wrote:Yes but not v ery clear to me..
if i put city Kotka, no church tax, 60K of Gross income, it came out as:

Calculation of total taxes and tax-like charges for the entire year
Total taxes and tax-like charges for the entire year 17265,48
Projected taxes for the rest of the year 17265,48
Future income 60000,00

Results of calculation
Basic rate 29,0
Additional rate 44,0
Withholding also includes pension and unemployment insurance premiums amounting to 6.15% and 1.60%.
Please add 7.75 percentage points to arrive at your actual withholding and to work out your actual take-home pay.

so how much is the % of taxes on 60K/year and how much i take home? 3560 EUR/month?
60000/12=5000
(29%+7.75%)*5000=3162.5
How did you end up to 3560?
http://google.com http://translate.google.com http://urbandictionary.com
Visa is for visiting, Residence Permit for residing.


Sighthound
Posts: 24
Joined: Tue Nov 21, 2017 10:43 am

Re: Moving from EU

Post by Sighthound » Sat Nov 25, 2017 1:42 pm

So I need to apply basic rate+7.5%?

What’s the additional tax rate?

So 5k gross is 3100 eur take home?

Was hoping slighty more, around 3.5k


tavastia
Posts: 289
Joined: Tue Mar 08, 2016 1:54 pm

Re: Moving from EU

Post by tavastia » Sun Nov 26, 2017 7:06 am

7.5 is written there for what is: unemployment and health.
Your calculation is correct.


Sighthound
Posts: 24
Joined: Tue Nov 21, 2017 10:43 am

Re: Moving from EU

Post by Sighthound » Sun Nov 26, 2017 11:49 am

Does this include pension?


Upphew
Posts: 10026
Joined: Tue Apr 08, 2008 10:55 pm
Location: Lappeenranta

Re: Moving from EU

Post by Upphew » Sun Nov 26, 2017 12:49 pm

Sighthound wrote:Does this include pension?
Yes it does: http://www.infopankki.fi/en/living-in-f ... se/pension
http://google.com http://translate.google.com http://urbandictionary.com
Visa is for visiting, Residence Permit for residing.


Sighthound
Posts: 24
Joined: Tue Nov 21, 2017 10:43 am

Re: Moving from EU

Post by Sighthound » Mon Nov 27, 2017 4:24 pm

Thanks.

Last question is: does my employer need to pay anything else?

From my understanding, after 6 months they will need to send me my salary GROSS ( without deductions ) and i pay the taxes in FInland ( 29%+7.75% ) and that's it? nothing else?


betelgeuse
Posts: 2702
Joined: Thu Aug 29, 2013 1:24 am

Re: Moving from EU

Post by betelgeuse » Tue Nov 28, 2017 12:51 am

Sighthound wrote:Last question is: does my employer need to pay anything else?
Your employer will need to take care of the social security payments. This means mainly pension payments. You might be able to make them yourself on behalf of your employer. It can be simpler to become an entrepreneur in Finland and simply invoicing your current employer.
Sighthound wrote:From my understanding, after 6 months they will need to send me my salary GROSS ( without deductions ) and i pay the taxes in FInland ( 29%+7.75% ) and that's it? nothing else?
The six month information you were given was not good info. The Finnish tax liability starts from day one if your intent is to move in here permanently. However, it can be limited with the UK tax treaty during the year you make the move.

https://www.vero.fi/en/individuals/tax- ... seas_empl/


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