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Results for “tax calculator”
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- Glossary
Veroprosentti: tax rate
Your personal tax percentage in Finland, determining how much income tax is withheld from your salary.
Veroprosentti (tax rate) is your personal tax percentage that determines how much income tax is withheld from your salary or other taxable income in Finland....
- Glossary
ALV (VAT): Finnish value-added tax guide
Value-added tax in Finland; often shown on invoices and receipts.
ALV (arvonlisävero) is Finland's value-added tax (VAT), a consumption tax added to most goods and services sold in the country. Detailed explanation Value-added tax is collected at each stage of...
- Glossary
Ennakkoperintä (Tax Withholding)
Finland's system of prepaying taxes through salary withholding, ensuring taxes are collected throughout the year rather than in a lump sum.
Ennakkoperintä refers to Finland's tax withholding system - the practice of collecting income tax in advance through deductions from your salary, pension, or other income throughout the...
- Glossary
Ennakonpidätys: tax withholding
Tax withheld from your salary by your employer before you receive payment in Finland.
Ennakonpidätys (tax withholding or withholding tax) refers to the amount of income tax that your employer deducts from your salary before paying you, based on your...
- Glossary
Kiinteistövero (Property Tax)
Annual property tax in Finland levied on land and buildings, set by each municipality.
Kiinteistövero An annual tax on real estate in Finland, paid by property owners based on the taxable value of their land and buildings. What it means Kiinteistövero is the...
- Glossary
Kunnallisvero: municipal tax
Local income tax paid to your municipality of residence, typically 5-11% of earned income.
Kunnallisvero (municipal tax) is the local income tax you pay to your municipality of residence in Finland, and it makes up a significant portion of most people's total income...
- Glossary
Perintövero (Inheritance Tax)
Finnish inheritance tax applied to estates and gifts, with rates depending on the relationship to the deceased.
Perintövero A tax levied on inherited property and gifts in Finland, with rates varying based on the value and the heir's relationship to the deceased. What it...
- Glossary
Tax at source (Lähdevero)
A withholding tax often applied to non-residents; rules depend on your tax status and income type.
Tax at source (lähdevero) is a form of withholding tax often applied when you are considered a non-resident taxpayer in Finland, meaning you stay in...
- Glossary
Tax card (verokortti)
Shows your withholding rate; your employer uses it to withhold the correct tax.
A tax card (verokortti) shows your withholding rate, which your employer uses to deduct the correct amount of income tax from your salary each pay...
- Glossary
Tulovero: income tax
Tax paid on earned and capital income in Finland, including state and municipal components.
Tulovero (income tax) is the tax levied on your income in Finland, encompassing both state income tax on earned income and taxes on capital income such as dividends,...
- Glossary
Tuloveroprosentti (Income Tax Rate)
The progressive income tax rate in Finland, combining state, municipal, and other components.
Tuloveroprosentti The income tax percentage applied to your earnings in Finland, calculated as a combination of state and municipal taxes. What it means Tuloveroprosentti is your...
- Glossary
Verohallinto: tax administration
Finland's Tax Administration authority handling tax collection, returns, and taxpayer services.
Verohallinto (Finnish Tax Administration) is the government authority responsible for tax collection, processing tax returns, providing taxpayer guidance, and ensuring...
- Glossary
Veronpalautus (Tax Refund)
The annual tax return and refund process in Finland, where Vero reconciles taxes paid with taxes owed and issues refunds or residual tax bills.
Veronpalautus means tax refund in Finland. Each year, the Finnish Tax Administration (Vero) calculates whether you have overpaid or underpaid taxes during the previous...
- Glossary
Verotoimisto (Tax Office)
Local offices of the Finnish Tax Administration (Vero) where you can handle tax matters in person.
Verotoimisto A local office of the Finnish Tax Administration (Verohallinto) where residents can handle tax-related matters. What it means Verotoimisto is the local tax office operated by...
- Glossary
Arvonlisävero (VAT/ALV)
Finland's value-added tax applied to goods and services, with rates of 25.5%, 13.5%, and 10%.
Arvonlisävero Finland's value-added tax (VAT), abbreviated as ALV, applied to the sale of goods and services. What it means Arvonlisävero, commonly abbreviated as ALV, is Finland's...
- Glossary
Holiday bonus pay in Finland (lomaraha)
Holiday bonus pay (lomaraha) in Finland: usually 50% of your holiday pay, set by your collective agreement, not by law. Who gets it, when it is paid and that it is taxed as wages.
...you might negotiate lomaraha into your contract Tax implications: the holiday bonus is paid as wages and withheld like the rest of your pay When leaving a job: unused accrued annual leave is paid...
- Glossary
Kunnanvaltuusto (Municipal Council)
The elected local government council that makes decisions on municipal services, taxes, and planning.
...healthcare, education, urban planning, local taxation, and public services. Council members are volunteers, and the council appoints a municipal board (kunnanhallitus) to handle day-to-day...
- Glossary
Lapsilisä (Child Benefit)
A monthly tax-free payment from Kela for every child under 17 living in Finland, regardless of family income.
...is Finland's universal child benefit - a monthly, tax-free payment from Kela for every child under 17 years of age living in Finland. The benefit is not income-tested, meaning all eligible families...
- Glossary
OmaVero (MyTax)
The Finnish Tax Administration's online service for taxes, filings, and messages.
OmaVero (MyTax) is the Finnish Tax Administration's online service where you can view tax information, submit filings, and receive official messages about your taxes. Detailed...
- Glossary
Ruokalisa (Meal Allowance)
A tax-free employer benefit covering part of employees' lunch costs through vouchers or digital payments.
Ruokalisa A tax-free meal benefit provided by employers to subsidize employees' lunch costs during the workday. What it means Ruokalisa is the meal allowance or...