levypalkki
A levypalkki, commonly known in English as a "tax rod" or "tax lever," is a Finnish term referring to a system of tax deductions and contributions applied to employees' gross salaries in Finland. This system is used to simplify payroll processing by automatically deducting various taxes, social security contributions, and other mandatory payments from an employee's salary before the net amount is paid out.
The levypalkki system is administered by the Finnish Tax Administration (Verohallinto) and is based on predefined
The levypalkki system is designed to ensure compliance with Finnish tax laws while reducing administrative burdens
The levypalkki system is a key component of Finland’s payroll infrastructure, ensuring efficient and transparent tax