perusvähennykseen

Perusvähennys is a term used in Finnish taxation law. It refers to a deduction that reduces an individual's taxable income. This deduction is intended to ensure that a basic level of income remains untaxed, providing a financial buffer for all taxpayers. The amount of the perusvähennys is determined annually by the Finnish Parliament and can vary. It is applied automatically to an individual's income before other deductions or taxes are calculated. The purpose of the perusvähennys is to lighten the tax burden for low and middle-income earners. It is a fundamental component of Finland's progressive tax system, aiming for greater fairness in income distribution. The specific rules and calculation methods for the perusvähennys are detailed in Finnish tax legislation.