Verottomat

Verottomat is a Finnish adjective meaning “tax-free” or “untaxed.” In Finnish public and legal language, it describes income, goods, services, or transactions that are not subject to taxation under current law. The term appears in tax returns, government reports, and everyday discussion as a shorthand for items that do not incur tax.

Tax exemptions are defined by statute and can apply to different taxes. Verottomat tulot refers to income that is not taxed, such as certain social security benefits and government transfers according to law. In the context of value-added tax (VAT), verottomat typically describes goods or services that are exempt from VAT rather than taxed at 0%. Exemption means the seller does not charge VAT and the buyer cannot reclaim input VAT on those transactions.

Being verottomat means the item is outside the tax base; it is not a deduction or credit, and it does not shift tax obligations to other parts of the tax system. The specifics depend on the tax year and legislation, and can change through reforms.