lisäverotus

Lisäverotus is a Finnish term that translates to additional taxation or supplementary taxation. It refers to the imposition of taxes beyond the standard or initial tax assessment. This can occur for various reasons, primarily related to correcting or adjusting previously declared tax information or due to changes in tax laws or individual circumstances.

One common scenario for lisäverotus is when a taxpayer has made an error in their tax return, either by underreporting income or by claiming deductions or credits they were not entitled to. Tax authorities, such as the Finnish Tax Administration (Verohallinto), conduct audits and reviews of tax returns. If discrepancies are found, they will issue a supplementary tax assessment to collect the unpaid tax. This can also include penalties and interest on the underpaid amount.

Another reason for lisäverotus can arise from changes in legislation. For example, if tax laws are amended retrospectively or new taxes are introduced that affect previous periods, a supplementary tax may be levied. Furthermore, if an individual's financial situation changes significantly after the initial tax assessment, such as receiving unexpected income or capital gains, they may be subject to additional taxation.

The process typically involves the tax authority sending a notification to the taxpayer detailing the reasons for the lisäverotus and the amount of additional tax due. Taxpayers usually have the right to appeal or request reconsideration of the assessment if they believe it is incorrect. Understanding the principles of lisäverotus is important for ensuring compliance with Finnish tax regulations.