lisäverovelan

Lisäverovelka refers to additional tax liability that may arise in certain situations in Finland. It is essentially a debt owed to the tax authorities, stemming from a reassessment or correction of a previous tax decision. This can occur if the tax authority, for instance, Verohallinto (Finnish Tax Administration), discovers an error in a tax return, an omission of income, or an incorrect claim for deductions.

When a lisäverovelka is established, the taxpayer is notified and given an opportunity to respond. If the tax authority confirms the additional liability, the taxpayer will receive a tax decision detailing the amount owed and the reasons for the assessment. The lisäverovelka typically includes the original underpaid tax, plus potential interest and late payment penalties. The interest accrues from the original due date of the tax.

Common reasons for a lisäverovelka include undeclared capital gains, incorrect application of tax rules, or changes in circumstances that affect tax liability, such as inheriting assets or selling property. It is important for taxpayers to review their tax assessments carefully and to declare all income and relevant information accurately to avoid unexpected additional tax obligations. If a taxpayer disagrees with a lisäverovelka assessment, they have the right to appeal the decision to the Administrative Court within a specified timeframe.