tuloveroihin

Tuloveroihin refers to the income taxes in Finland. The Finnish income tax system consists of two main components: municipal income tax and state (national) income tax. Municipal tulovero is a flat rate applied by each municipality and typically ranges roughly from 16 to 23 percent, depending on locality. It is the largest part of many individuals’ income tax bill and is collected by local authorities through payroll withholding.

State tulovero is progressive and applies to earned income above certain income thresholds. It is collected by the state and adds to the municipal tax. In most years there are one or more tax brackets, with higher incomes paying higher rates. There is also a church tax for members of certain congregations, calculated as a percentage of taxable income and collected similarly.

Earned income tax is complemented by deductions and tax credits, such as work-related deductions, basic deduction, and pension insurance deductions. Tax cards determine the amount withheld by employers during the year, and residents file an annual tax return to reconcile any difference between withholding and actual liability.

Capital income is taxed separately (pääomatulovero) and is not considered part of tulovero, though it affects overall tax liability. The Finnish Tax Administration (Vero) administers tuloverot, issues tax cards, and provides annual statements.