verokortissa

Verokortissa refers to the tax card used in Finland to determine how much income tax should be withheld from an employee’s earnings. It is issued by the Finnish Tax Administration (Verohallinto) and is presented to an employer to guide payroll withholding. The tax card helps ensure that the tax withheld matches the taxpayer’s estimated annual income and accepted deductions for the current year.

A verokortti contains information about the tax rate to be applied to wages (the veroprosentti) and, when applicable, other factors that influence withholding, such as expected annual income and eligible deductions or tax credits. The card is intended to reflect the taxpayer’s situation for the year, and it can be updated if personal or financial circumstances change.

Issuance and use are handled through the Finnish Tax Administration’s online services, such as OmaVero. A person starting a job or updating their tax status can obtain or modify a verokortti there, and then provide it to their employer. In practice, the employer uses the verokortti to calculate and withhold the correct amount of tax from wages. If a taxpayer does not present a verokortti, the employer may apply a default withholding rate.

Validity and updates: a verokortti is tied to the tax year and is typically reviewed and adjusted as circumstances change, such as changes in income, employment, or residence. For individuals with multiple sources of income or employers, separate arrangements or additional verokortti updates may be needed to ensure accurate withholding.

Overall, the verokortti is a central instrument in Finland’s prepayment tax system, aligning tax withholding with the taxpayer’s anticipated annual liability.