Veroluettelo

Veroluettelo is a Finnish term that translates to "tax return" in English. It refers to the annual declaration that individuals and corporations in Finland must submit to the Finnish Tax Administration (Verohallinto). This document details income, deductions, and other relevant financial information for the preceding tax year.

The veroluettelo is a crucial part of the Finnish tax system. It allows the tax authorities to calculate the correct amount of income tax, capital gains tax, and other taxes owed by each taxpayer. The information provided on the veroluettelo is used to determine whether an individual or company has paid too much or too little tax, leading to either a tax refund or a tax liability.

In Finland, the tax return process is largely based on pre-filled information. The Finnish Tax Administration collects data from various sources, such as employers, banks, and insurance companies, and pre-populates the tax return for most individuals. Taxpayers are then responsible for reviewing this pre-filled information, making any necessary corrections or additions, and submitting the final veroluettelo by the deadline. This can typically be done electronically through the MyTax service provided by the Finnish Tax Administration.

The deadline for submitting the veroluettelo is usually in the spring of the year following the tax year in question. For individuals, the deadline often falls in May, while for corporations, it may be later. Failure to submit the veroluettelo on time or providing inaccurate information can result in penalties, such as late filing fees or additional taxes. The veroluettelo system aims for transparency and fairness in taxation, ensuring that everyone contributes their fair share based on their income and financial circumstances.