Tax rate vs Additional withholding rate?

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maxtron22
Posts: 2
Joined: Sat Nov 10, 2018 10:15 pm

Tax rate vs Additional withholding rate?

Post by maxtron22 » Sat Nov 10, 2018 10:19 pm

Hi,

I moved to Finland in August 2018 and got a part-time job which started from the 1st of November. I created my tax card a few days back, I am a little confused as to what is the additional withholding rate on my card? Is it the percentage that will be deducted from my salary?

These are the details:
Tax rate: 0,0 %
Additional withholding rate: 28,5 %
Income ceiling: 5 000,00 €


Thank you and looking forward to a reply.



Tax rate vs Additional withholding rate?

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FinnGuyHelsinki
Posts: 1026
Joined: Sun Nov 08, 2009 8:52 pm

Re: Tax rate vs Additional withholding rate?

Post by FinnGuyHelsinki » Sun Nov 11, 2018 9:32 am

maxtron22 wrote:
Sat Nov 10, 2018 10:19 pm
I moved to Finland in August 2018 and got a part-time job which started from the 1st of November. I created my tax card a few days back, I am a little confused as to what is the additional withholding rate on my card?
It is the tax percantage for earnings exceeding the amount (income ceiling) used for the base tax rate.


maxtron22
Posts: 2
Joined: Sat Nov 10, 2018 10:15 pm

Re: Tax rate vs Additional withholding rate?

Post by maxtron22 » Sun Nov 11, 2018 10:17 pm

great! thank you for the details


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