Verotuote

Verotuote is a Finnish term that translates to "tax product" or "tax-related product." It generally refers to any item or service that is subject to taxation or is in some way connected to the tax system of Finland. This can encompass a wide range of goods and services, depending on the specific tax being considered, such as value-added tax (VAT), excise duties, or other forms of taxation.

For instance, under VAT, a verotuote would be any product or service that incurs VAT. The rate of VAT applied can vary depending on the nature of the verotuote. Certain essential goods and services might have a reduced VAT rate, while others are taxed at the standard rate. Companies that sell verotuotteita are responsible for collecting and remitting the applicable taxes to the Finnish Tax Administration (Verohallinto).

In a broader sense, the term can also be used in discussions related to tax policy or fiscal economics, referring to products or activities that are targeted by specific taxes to influence consumption, generate revenue, or achieve other societal goals. The classification and taxation of a verotuote are determined by Finnish tax legislation.