English link?Rosamunda wrote:
No, for a toiminimi (sole trader) part of the income is taxable as earned personal income (progressive tax rate) but part of it is considered as capital income. Taxation of the capital income is fixed at 20% of the net assets of the company (previous year). However the sole-trader can, if he wishes, elect to pay all the tax as personal earned income. It is a simple calculation to figure out which is the most advantageous.
Qestions about selling goods outsite Finland
Re: Qestions about selling goods outsite Finland
Re: Qestions about selling goods outsite Finland
Actually the taxation of the capital income is now 30% (not 20%) - my mistake. But here is the info on Vero:
http://www.vero.fi/fi-FI/Yritys_ja_yhte ... uloverotus
And you can also find it (in English) on p.32-33 in here (but with the old rate of 20%). There is a small diagram on p.33 which summarises how it works.
http://www.masuuni.info/images/masuuni_ ... 110524.pdf
(Generally, the Finnish links - eg Vero website - are more up-to-date than anything in English).
http://www.vero.fi/fi-FI/Yritys_ja_yhte ... uloverotus
And you can also find it (in English) on p.32-33 in here (but with the old rate of 20%). There is a small diagram on p.33 which summarises how it works.
http://www.masuuni.info/images/masuuni_ ... 110524.pdf
(Generally, the Finnish links - eg Vero website - are more up-to-date than anything in English).