Below you will find a brief overview of the taxable values of the main benefits available to employees and entrepreneurs, who are paid a salary in Finland during the period 2021-2024. The benefits below are also called fringe benefits or benefits in kind.

A private entrepreneur/sole trader (Tmi) cannot pay himself/herself a salary and thus the benefits below are not available to private entrepreneurs.

Meal benefit (ravintoetu)

The taxable value of a meal in the employee taxation is 8,50 € per meal (in 2024) if the costs for that meal (including VAT) incurred by the employer is between 8,50-13,50€. If the meal cost with VAT is below 8,50€ or above 13,50€, the taxable value of that meal is the direct cost for that meal with VAT.

PS! There are different discounted taxable values of the meal benefit for employees of hospitals, schools, kindergartens, hotels, restaurants and flight crews during flights.

Phone benefit (puhelinetu)

The value of an employer-provided home- or mobile (cellular) phone covers expenses arising from telephone calls, from SMS or text messages, from multimedia messages, and from data connections used for purposes other than work-related transmission of data.

Company car full benefit (vapaa autoetu)

Company cars in terms of the company car benefit are both passenger cars and vans. Company car full benefit means that the company is paying for all costs related to the car.

Car purchase price in the calculation of the company car benefit is the value of the model’s suggested price according to the importer or value in the Finnish Customs passenger car value database.

Company car usage benefit (auton käyttöetu)

Company cars in terms of the company car benefit are both passenger cars and vans. Company car usage benefit means that the employee pays for at least the fuel costs.

Car purchase price in the calculation of the corporate car benefit is the value of the model’s suggested price according to the importer or value in the Finnish Customs passenger car value database.

Bicycle benefit

The taxable value of the benefit is 1/12 of the bicycle’s annual cost of capital resulting from part of its purchase price and the interest on this amount and the expenses for repair, maintenance and upkeep.

The calculation rule for the cost of capital is to divide the bicycle’s purchase price by 5, reflecting a useful life of five years.

The calculation rule for leased bicycles, and for bicycles that the employer arranges in some other way, is to add the monthly leasing cost to the maintenance and upkeep that the employer also pays, and to subtract any processing charges included in the leasing company’s invoice. If the bicycle is arranged for in some other way and not leased, the above calculation is applicable as appropriate.

The purchase price must include the bicycle’s accessories such as a headlight, taillight, lock, studded tires and helmet.

Housing benefit (asuntoetu)

Area Helsinki 1 includes buildings with a postal code: 00100, 00120, 00130, 00140, 00150, 00160, 00170, 00180, 00220 and 00260.

Area Helsinki 2 includes buildings with a postal code: 00200, 00210, 00250, 00270, 00280, 00290, 00300, 00310, 00320, 00330, 00340, 00500, 00510, 00520, 00530, 00540, 00550, 00560, 00570, 00580, 00590, 00610, 00810, 00850 and 00990.

Area Helsinki 3 includes buildings with a postal code: 00240, 00350, 00360, 00370, 00380, 00400, 00430, 00440, 00620, 00650, 00660, 00670, 00680, 00690, 00730, 00780, 00790, 00800, 00830, 00840 and 00950.

Area Helsinki 4 includes buildings with a postal code: 00190, 00230, 00390, 00410, 00420, 00600, 00630, 00640, 00700, 00710, 00720, 00740, 00750, 00760, 00770, 00820, 00860, 00870, 00880, 00890, 00900, 00910, 00920, 00930, 00940, 00960, 00970 and 00980.

Other Helsinki metropolitan area is: Hyvinkää, Järvenpää, Kerava, Kirkkonummi, Nurmijärvi, Riihimäki, Sipoo, Tuusula and Vihti

The above table shows the taxable values of dwellings with central heating, include also the costs of heating and electricity.

Housing benefit from housing abroad is the value of the actual rent payment of up to 50% of the value of the housing benefit for housing in the area Helsinki 2.

Garage benefit (autotallietu)

PS! The list above is not a full list of benefits available to employees in Finland.

Sources:

Finnish Tax Administration’s decision on taxable benefits in 2024 (in English),

Finnish Tax Administration’s decision on taxable benefits in 2023 (in English)

Finnish Tax Administration’s decision on taxable benefits in 2022 (in English) and

Finnish Tax Administration’s decision on taxable benefits in 2021 (in English)

For further information about the benefits or other employee-related questions, please contact us via the contact page, send an e-mail to lauri@kuljus.eu or call +358 (0) 503 220 600.