vähimmäissumma

vähimmäissumma is a Finnish term that translates literally to “minimum sum” or “least amount.” It is used in legal, financial, and administrative contexts to denote the smallest amount required or accepted for a specified purpose. The concept appears most frequently in the realms of public procurement, co‑financing agreements, tax filings, and employer‑employee arrangements. For example, in European Union funding schemes that involve a co‑financing obligation, the 30 percent co‑financing threshold is often described in Finnish as a vähimmäissumma; the applicant must contribute at least that amount of the total project costs. Similarly, in public tenders, a supplier may be required to submit a bid that meets a minimum financial guarantee, referred to as vähimmäissummaa.

In employment law, the term may refer to the minimum wage or the lowest acceptable salary for a particular role, ensuring that workers receive a stipend that meets statutory minimums. Tax law also sometimes uses the term when setting minimum reporting thresholds, such as the minimal taxable income that triggers a filing obligation. On a broader scale, vähimmäissumma underlines regulatory commitments to transparency and fiscal responsibility. The term is a staple in Finnish legal documents, where precision in financial thresholds is essential.

Understanding the context in which vähimmäissumma is applied helps clarify its practical importance. In each scenario, the term establishes a clear boundary that parties must respect, thereby promoting fairness and compliance across Finnish administrative and commercial life.