Overview of Payroll in Finland 2020
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Country
finland
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Material Year
2020
International markets continue to grow in importance for British companies, and with this growth comes an expansion of compliance requirements. Whether you are sending expatriates into a country or taking on a small local payroll as part of an acquisition or branch opening, your business will need to ensure it meets all of its obligations. Outsourcing the payroll function may seem the best solution, but the company remains legally liable for any mistakes the outsource partner may make. It is therefore important that the end client is aware of what the major tasks are the outsourcer performs on their behalf, the key deadlines that they need to sign off, and how to interpret key reports and payslip information. This one day course focuses on the major payroll rules in Finland.
Attendees will be able to accurately follow a simple pay calculation for each jurisdiction, and should be able to identify all of the key items on a payslip produced in each jurisdiction. You will also be able to:
•Identify all key jurisdiction deadlines
•Understand the penalty regimes and the consequences of getting it wrong
•Have a detailed understanding of the scope of service you are purchasing from an outsource partner
•Identify what information you need to pass to the outsource partner and why you have to provide it
Course content:
Module One:
- Setting up payroll
- Registration for tax as an employer in Finland
- Employer obligations
- Finnish model – labor market
- Collective agreements
- Authorities/Agencies in relation to payroll
Module Two:
- Taxes and employer contribution – calculation and reporting/payments
- Tax cards
- Incomes Register
Module Three:
- HR Overview and employment regulations
Module Four:
- Gross to Net calculations - including BIK
Module Five:
- Types of leave, absence and vacation in Finland – regulations and calculations
- Annual leave
- Sick leave
- Parental leave
For further information contact us on 0203 871 8870 or
training@globalpayrollassociation.com