Verotieto

Verotieto is a Finnish term used to describe an official tax declaration or an advance tax return. It is typically submitted by individuals and businesses who are required to report their income and pay taxes on a quarterly basis. The purpose of verotieto is to provide the Finnish Tax Authority with early information about income and taxes, which helps in planning and estimating tax liability.

In Finland, verotieto is usually submitted online through the Finnish Tax Authority's website. The deadline for submission varies depending on the type of income and the individual's or business's tax obligations. The tax declaration must include details about income, deductions, and any taxes already paid. Failure to submit verotieto on time can result in penalties and interest on any taxes owed.

Verotieto is an essential part of the Finnish tax system, as it helps the government to estimate and collect taxes throughout the year. This system also provides individuals and businesses with an opportunity to review and correct their tax declarations before the annual tax return is submitted. The Finnish Tax Authority uses the data from verotieto to calculate the tax liability and make any necessary adjustments before the final tax return is submitted.

It is worth noting that verotieto is not the same as the annual tax return, known as vero. The annual tax return is typically submitted once a year, usually by the end of May, and includes all the income and taxes related to the previous calendar year.