luontoisetuuksia

Luontoisetuudet are in-kind benefits provided by an employer or another payer to an employee as a substitute for part of cash compensation. They are typically valued at the fair market value of the benefit and, in most cases, are treated as part of the employee’s earned income for tax purposes. This means that the value of luontoisetuudet is generally included in the employee’s taxable income and subject to payroll taxes and social security contributions. The employer is responsible for calculating the benefit’s value, withholding taxes, and reporting the amount to the Finnish Tax Administration (Verohallinto).

Common examples of luontoisetuudet include company cars or other vehicles, housing or housing allowances provided in kind, meals or meal benefits at the workplace, phones or other IT equipment, travel or commuting benefits, gym memberships, and employee discounts on goods or services. The exact treatment and valuing method can vary by type of benefit and are guided by applicable tax rules and employer policies.

The use and existence of luontoisetuudet depend on the employment relationship and are typically defined in the employment contract or company policy. They can influence an employee’s total income for tax purposes and may be revised or discontinued as terms of employment change or end. For specifics on valuation, reporting requirements, and any exceptions, reference is made to Verohallinto guidelines and the relevant Finnish income tax provisions.