Maksutulot

Maksutulot is a term used in several languages, including Estonian, to refer to taxable income. It denotes the portion of a person’s or entity’s gross income that remains after subtracting deductions, exemptions, and allowances and that is subject to taxation. The exact scope and rules for maksutulot vary by jurisdiction, but the concept generally covers wages, self-employment earnings, interest, dividends, capital gains, and other income sources that are taxed.

Calculation typically starts with gross income and then applies allowable deductions and exemptions. Subtractions can include contributions to retirement schemes, business expenses, standard or itemized deductions, losses carried forward from previous years, and other legally defined reliefs. Items not eligible for deduction or explicitly exempted by law do not reduce maksutulot. The resulting amount is the tax base upon which tax rates are applied.

In practice, maksutulot serves as the basis for calculating an individual or corporate tax liability. Tax rates may be progressive or flat and can be supplemented by additional levies or social contributions depending on the jurisdiction. Some systems also feature credits, rebates, or withholdings that affect the final amount paid.

Example (conceptual): if gross income is 40,000 and deductions reduce maksutulot to 28,000, the applicable tax rate is applied to 28,000 to determine the tax due, before any credits or withholdings. This example illustrates the role of maksutulot as the taxable base, not a final tax figure.

See also: taxable income, tax base, deductions, allowances, personal income tax.