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14 December 2016

Finland-China social security agreement to enter into force on February 1, 2017

A social security agreement was signed between Finland and the People's Republic of China ("China") on September 22, 2014. The agreement will enter into force February 1, 2017. In general, the agreement will provide significant social security cost savings for companies. International assignees can remain socially insured in the home country for a period of up to five years and be exempted from certain social security contributions in the host country. However, the new agreement will not cover all social security branches.

A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.

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Full text of Tax Alert 2016-2137

Document ID: 2016-2137

 

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