sovituslevy

Sovituslevy, also known as the "consultancy fee" in English, is a tax levied in Finland on the income of certain consultancy services. It is a specific type of income tax that applies to individuals and companies providing consultancy services in Finland. The tax is designed to ensure that consultancy services are taxed at the same rate as other income sources.

The sovituslevy is calculated based on the gross income from consultancy services. The tax rate varies depending on the type of consultancy service provided. For example, the tax rate for consultancy services in the field of information technology is 25%, while the rate for other consultancy services is 20%. The tax is levied by the Finnish Tax Administration and is due annually.

The sovituslevy is a significant source of revenue for the Finnish government and is used to fund various public services and programs. It is also an important tool for promoting the development of the consultancy sector in Finland. The tax is subject to certain exemptions and deductions, which can reduce the overall tax liability for consultancy service providers.

In summary, the sovituslevy is a tax levied on the income of certain consultancy services in Finland. It is calculated based on the gross income from consultancy services and is subject to a variable tax rate. The tax is an important source of revenue for the Finnish government and is used to fund various public services and programs. It is also an important tool for promoting the development of the consultancy sector in Finland.