vuosiloppuliite

Vuosiloppuliite, also known as the year-end supplement, is a financial adjustment made to the annual salary of an employee in Finland. It is a mandatory component of the Finnish salary system and is intended to ensure that employees receive a salary that reflects their actual work hours and productivity throughout the year. The amount of the vuosiloppuliite is calculated based on the employee's average monthly salary and the number of months worked during the year. It is paid out in December, shortly after the end of the year. The vuosiloppuliite is subject to income tax and other deductions, and it is included in the employee's annual tax return. The purpose of the vuosiloppuliite is to provide employees with a fair and accurate reflection of their earnings for the year, and to ensure that they receive a salary that is proportional to their work hours and productivity. It is an important aspect of the Finnish salary system and is used by employers and employees alike to determine the value of an employee's work.