tulumäärased

Tulumäärased is a Finnish term that translates to "taxable income" or "income subject to tax." It refers to the portion of an individual's or entity's total income that is liable for taxation. This is not the same as gross income, which is the total amount earned before any deductions.

Several factors determine the tulumäärased. Deductions, such as those for work-related expenses, interest on housing loans, or certain social security contributions, are subtracted from the gross income to arrive at the taxable income. These deductions are often regulated by tax law and may have specific limits or conditions.

The concept of tulumäärased is fundamental to progressive taxation systems, where higher taxable incomes are subject to higher tax rates. Understanding what constitutes tulumäärased is crucial for accurate tax reporting and financial planning. Tax authorities use this figure to calculate the final tax liability. In Finland, the specifics of what can be deducted to arrive at tulumäärased are detailed in the Income Tax Act. The goal is to tax the economic capacity of the taxpayer effectively.