Veroalusta

Veroalusta, or tax base, is a term used in Finnish taxation to denote the amount on which a tax liability is calculated. It is defined by law and varies between different taxes. The base represents the underlying economic value or income from which the taxable amount is derived after applying deductions, exemptions, or credits.

The exact computation of the veroalusta depends on the tax type. For personal income tax, the base typically starts with gross income and is adjusted by statutory deductions and exemptions. For corporate income tax, the base is the company’s taxable income after applicable allowances. For property-related taxes, the base often involves the assessed value of the property. For value-added tax and other consumption taxes, the base generally relates to the consideration received or the value of the taxable supply, with adjustments prescribed by law. In all cases, the tax rate is applied to the veroalusta to determine the tax due, and further credits or deductions can reduce the final liability.

Veroalusta is a central concept because it links tax law to actual liability. Changes in legislation that alter what is included in or excluded from the base can increase or decrease taxes without changing the rate. Tax assessments are usually based on the calculated veroalusta, and taxpayers may have recourse to appeal if they believe the base has been misapplied.

See also: tax base, taxation, Finnish tax system. Translation: veroalusta means tax base.