Am I Liable to VAT ?

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cors187
Posts: 1861
Joined: Sun Feb 06, 2011 11:59 pm
Location: land of the thunder hammers

Re: Am I Liable to VAT ?

Post by cors187 » Tue Apr 10, 2012 12:36 am

It could be studied out more but this simplified vat page shows that if your annual gross salary is under 8,500 you do not have to report it. http://www.worldwide-tax.com/finland/fin_other.asp
If you are a non EU citizen then your tax card/s info will show you more info.
If you have not got a tax card then i guess your under the radar.



Re: Am I Liable to VAT ?

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Rosamunda
Posts: 10650
Joined: Fri Jan 02, 2004 12:07 am

Re: Am I Liable to VAT ?

Post by Rosamunda » Tue Apr 10, 2012 3:43 pm

cors187 wrote:It could be studied out more but this simplified vat page shows that if your annual gross salary is under 8,500 you do not have to report it. http://www.worldwide-tax.com/finland/fin_other.asp
No, it says that if your annual REVENUE (ie turnover, ie income FROM TRADING) is under 8500e you do not have to register for VAT

ALL personal income (salaries and any/all other personal income) MUST be declared.
If you are a non EU citizen then your tax card/s info will show you more info.
Tax cards only concern personal income.
If you have not got a tax card then i guess your under the radar.
If you are legally residing in Finland then you are not under the radar.

VAT and income tax are totally different things. Company tax and personal income tax are also two totally different things.

cors187
Posts: 1861
Joined: Sun Feb 06, 2011 11:59 pm
Location: land of the thunder hammers

Re: Am I Liable to VAT ?

Post by cors187 » Tue Apr 10, 2012 11:43 pm

Correction noted , i should have used the term revenue or income

cors187
Posts: 1861
Joined: Sun Feb 06, 2011 11:59 pm
Location: land of the thunder hammers

Re: Am I Liable to VAT ?

Post by cors187 » Tue Apr 10, 2012 11:57 pm

In regards to the OP and my tax card statement , i just presumed that having no assets and being a non EU citizen that like myself at times just wander into the country for 3 months, set up an employee deal with a employer , get my tax card and still use the net to make money regardless of if i was in Finland or another country.If the money was put into his Non EU bank account the OP would not have income in Finland yet.

Rosamunda
Posts: 10650
Joined: Fri Jan 02, 2004 12:07 am

Re: Am I Liable to VAT ?

Post by Rosamunda » Wed Apr 11, 2012 3:12 pm

cors187 wrote:In regards to the OP and my tax card statement , i just presumed that having no assets and being a non EU citizen that like myself at times just wander into the country for 3 months, set up an employee deal with a employer , get my tax card and still use the net to make money regardless of if i was in Finland or another country
.

I think the OP is living in FInland (and his/her spouse is a student here).
If the money was put into his Non EU bank account the OP would not have income in Finland yet.
If you are resident in Finland then it doesn't matter where you put the money you earn (ie Nordea, Barclays or National Bank of Dingdongland), or how you earn it. It has to be declared to Vero and is taxable.

If you are not resident here (ie just here on a tourist visa for three months) then it's nothing to do with Vero.

cors187
Posts: 1861
Joined: Sun Feb 06, 2011 11:59 pm
Location: land of the thunder hammers

Re: Am I Liable to VAT ?

Post by cors187 » Sat Apr 14, 2012 10:51 am

Hi rosamunda,
I enjoy your posts and always learn something ,cheers


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