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Working as a freelancer as a second job in Finland (lemmy.world)

submitted 3 months ago* (last edited 3 months ago) by UnpopularCrow@lemmy.world to c/finland@sopuli.xyz

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I have a question that I’m hoping someone will be able to help with. I plan on moving with my Finnish partner next year to Finland. I should have permanent residency upon arrival. I will already also have a full time position in Finland that will not be associated with my freelancing. However, I am hoping to do work as a freelancer as well. Specifically, I would like to continue bug bounty hunting. How does taxation work? I’m aware that I will have to pay taxes on any income made but my partner is concerned that I may have to pay social security regardless whether I earn additional income or not.

So for example, if I make 10,000 euro over the course of the year doing freelance work, that will be added as a second job but on the same tax card right? And therefore my taxes will increase based on my overall income. Is this correct? And I also assume I would be required to pay social security on the secondary income.

As a second example, if I make 0 euro over the course of the year, I understand that I would need to still declare the zero on my taxes, but would I be responsible for any additional taxes despite no additional income? Would some baseline threshold social security still apply?

Sorry for the likely stupid question, but I want to understand what to expect and not get any surprises during tax season.

Thanks to anyone who is able to help!

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[–] wizzor@sopuli.xyz 3 points 3 months ago

I think it would depend on who is doing the paying and if it is a legal entity in Finland.

I recommend calling the tax authority, contrary to what you'd expect, they are very helpful.

[–] tuukkah@sopuli.xyz 2 points 3 months ago* (last edited 3 months ago)

Your concern sounds like what you'd have if you didn't have a full time job. ~~In that case, you can be classified as an entrepreneur against your wish,~~ and then you have to pay YEL (entrepreneur's pension insurance) somewhat arbitrarily. [Apparently you have to pay YEL for a second job as well, if and when the turnover reaches above 9208.43 € per year in 2025.] For YEL, you approximate what your salary would be for the work and amount that you do, and it can be challenged by the system. It should never be forced higher than your turnover though, so I think if your turnover is 0 for a year, you can let them know you pay nothing next year.

This guide is focused on full-time entrepreneurs but can still be useful for you, e.g. in deciding whether you want to incorporate or not: https://github.com/sam-hosseini/freelancing-in-finland