Prize money
As a consequence of the Finnish tax regulations, there will be a tax on prize money for non-Finnish participants. The tax, which is 15% of any prize, will be deducted from the prizes by the organizer. Anyhow, an exception exists for US citizens competing in Finland, since their income is free from Finnish tax, if the total of one persons income does not exceed 20.000 USD over the tax year. If this limit is passed, then the whole sum is liable to taxation. |