This is NOT always true. Different countries have different bilateral agreements with Finland. If you have, for example, rental income from a property in France and pay tax on it there, you are not liable to pay tax on it in Finland. Within most EU countries the tax is liable in the country where the income is generated (certainly for "unearned" income).PeterF wrote:Non Niin...
Here is the English link..
http://www.vero.fi/default.asp?language ... RO_ENGLISH
1: If..You be resident in Finland.
2: Then..You pay tax on any income..i.e. Money coming to you from anywhere in the world into Finland.
e.g. A person who is getting a pension from the UK state fund.
In the UK the state pension is tax free.
But in Finland nothing is tax free so when that income/pension is transferred to Finland...One pays tax on it..
Few residency questions
It's not really my intention to evade taxes, actually. I'll be paying my taxes in April to Unca Sam just like anyone else. But I've simply avoided the issue of reporting anything to the Finnish government simply because it sounds far too complicated. I'm working on a contract right now, but it's not much money, and it's being paid in installments. My total stay in Finland amounts to 3 weeks in 2004 on the 5-month residence permit, and complicating factors include the fact that a couple of installments will be paid (into my American account) while I am in Finland, but some of them are for work I did in the US. Another contract will be paid off soon, but 99% of the work I did previously to coming to Finland.tjawatts wrote:I wouldnt advocate trying to evade taxes, if you get caught you will end up paying a hell of a lot more than they wanted in the first place. Assuming the business is above board in the US, then Finland is likely to find out about it. Because as well as the tax treaties making sure you dont get taxed twice they also agree on information sharing to make sure do pay taxes
So it's a big mess, and as I said, I think paying off my US taxes protects me from any other obligations. It won't be much taxes because I had a lot of business expenses and not that much income. I seriously doubt the Finnish government is interested in the amounts I'm dealing with.
If someone figures that I'm potentially in trouble from what they're read here, let me know.
Hi Khu
With a 5 month residence permit, you would not be liable for Finnish tax. You have to live here more than 6 months of the year to become tax resident in Finland and not the US, so you are paying your taxes correctly. However, you cannot continue to do it that way if you live in Finland permanently and become tax resident here.
T
With a 5 month residence permit, you would not be liable for Finnish tax. You have to live here more than 6 months of the year to become tax resident in Finland and not the US, so you are paying your taxes correctly. However, you cannot continue to do it that way if you live in Finland permanently and become tax resident here.
T
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bretti_kivi
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I was thinking it did work along those lines. The real trick comes if you want to apply for residency. I think you said your intended stay is 8 months so you will probably have to apply for the standard 1-year temporary residence permit. On that, you have to specify your "guaranteed means of support" ... again, to make sure you are not mooching. I am not sure of exactly what information you have to cough up for that, but I am sure you will have to tell them of your "income" in the US if you are intending to live off of that. I am not sure if this is legal, but they will allow you to be supported by an individual already residing in Finland (significant other) if they make over a certain amount (don't know what that amount is tho). If you could convince them of that, you might get around spilling the beans about your US income. BUT ... I am thinking you might have to be married to a Finn to even try that.bretti_kivi wrote:residency is the key ... the finns are really simple: resident here, tax here.
In conclusion, you are most likely going to have to tell them about it if you want to get the residence permit you are wanting. And if they know about it, they will probably tax it ... unless you can find some loophole.
Good luck
