Vähennyskelpoisten

Vähennyskelpoisten is a Finnish term that translates to "deductible" or "allowable for deduction" in English. It refers to expenses, losses, or other amounts that can be subtracted from income or revenue when calculating taxable income. In the context of taxation, if an expense is deemed vähennyskelpoinen, it reduces the overall tax liability of an individual or a business.

The deductibility of expenses is governed by specific tax laws and regulations, which vary depending on the jurisdiction. For individuals, common examples of deductible expenses might include mortgage interest, charitable donations, or certain medical expenses, provided they meet the criteria set by the tax authority. For businesses, deductible expenses typically encompass operating costs such as salaries, rent, raw materials, and depreciation of assets.

The principle behind allowing deductions is to tax only the net profit or disposable income, rather than the gross revenue. This approach aims to promote fairness and to encourage certain economic activities, such as investment or charitable giving, by reducing their after-tax cost. The definition of what constitutes a vähennyskelpoinen expense is crucial for accurate tax reporting and compliance. Taxpayers are responsible for maintaining proper documentation to substantiate their claims for deductions.