peruslyhennettä

Peruslyhennettä, also known as the basic deduction, is a tax deduction available in Finland to all taxpayers. It is designed to simplify the tax calculation process by providing a fixed amount that can be deducted from the taxpayer's income. The basic deduction is intended to cover the essential living expenses of a single person, such as food, clothing, and housing.

The amount of the basic deduction is set by the Finnish Tax Administration and is adjusted annually to account for changes in the cost of living. As of the latest available data, the basic deduction for a single person is approximately 1,600 euros per year. This amount is automatically deducted from the taxpayer's income, reducing the taxable amount and, consequently, the amount of tax owed.

The basic deduction is an important tool for taxpayers in Finland, as it helps to ensure that the tax system is fair and equitable. By providing a fixed deduction, the Finnish tax system aims to reduce the administrative burden on taxpayers while ensuring that all individuals have access to the same basic level of support.

In addition to the basic deduction, Finland also offers other tax deductions and allowances, such as the family deduction and the disability deduction. These additional deductions are designed to provide further support to taxpayers with specific circumstances, such as those with dependents or disabilities.

Overall, the basic deduction is a crucial component of the Finnish tax system, providing a simple and straightforward way for taxpayers to reduce their taxable income and, ultimately, their tax liability.