In Finland Taxation of an individual's income is
progressive.
In other words, the higher the income, the higher the rate of tax payable.
In 2006 the income tax rate (national tax) for an individual is between 9%-32.5. In addition to direct taxation there is also municipal tax in Finland. This tax is payable by an individual on his or her income and it fluctuates between 16% - 21% depending on the municipal authority.
Church tax is also payable.
The combined top marginal tax rate in Finland is about 60%.
Reduced rates of tax or exemption are available for certain income earners.
The standard rate of Finland corporate tax in 2006 is 26%.
In general private companies in Finland are characterized by the suffix OY after their names.
Public companies have the suffix OYJ.
For additional info,please see Finland Tax Office
www.vero.fi