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Earned income and income from capital are taxable incomes. Employers deduct withholding tax from employees' earned income before paying salaries and pay it to the tax authorities. Tax is paid on earned income in line with the withholding percentage stated in the employee's tax card. Gifts and inheritance are also subject to tax, and consumers pay value added tax on the products and services they buy.
Help in planning finances can be obtained from municipal financial and debt counsellors and from organisations. People in financial difficulties should take steps immediately. If individuals find themselves in temporary financial difficulties, it is possible, for example, to negotiate changes to debt repayment schedules with the bank or tax payments with the tax office.
Everyday money matters are managed through banks. Banks also give advice on managing and investing assets. The Finnish money markets are part of the eurozone's money markets and the Bank of Finland is part of the European Central Bank System. The European Central Bank is responsible for interest rates, for instance.
Income for the Budget is primarily obtained through taxes and other payments. The task of the Ministry of Finance is to monitor the development of general government finances and to prepare the Budget. Government assets are managed by the different ministries and the authorities under them. Central government debts are managed in cooperation between the Ministry of Finance and the Treasury.
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You can easily submit your request for a revised tax card online.
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Page updated on 09.04.2010 | Suomi.fi editorial team | State Treasury
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