How to request a tax card in MyTax – pension, informal care support, trade income, fees, stock options, pay from your own company

Report a new pension in the Other income stage of the tax card request.

1. Go to the Pensions section and select Yes.
2. Click Add new pension.

Select the pension payor’s name from the menu. Also select the pension type, such as old-age pension.

Look up the following details in the pension decision and enter them on the tax card request:

• start and end date for the pension payments in the current year
• do you receive pension every month
• amount of pension in euros per month.

If you are requesting a new tax card in the middle of the year, also report the following:

• pension received so far during the year
• tax withheld on the pension from January up until the current day, i.e. how much tax you have paid on your pension so far during the year.
  (Also report pension you have received for the previous year if it has been paid in the current year.)

If you are requesting periodisation of pension income, select Yes. Enter the start and end date of the period, and the amount of pension.

You can request periodisation if you have received at least €500 in pension during the year and the pension concerns a period of 3 months or more in previous years.

Finally, click OK.

The Pre-completed income and deductions stage — Pay and fringe benefits:

Select whether you enter the amounts paid and taxes withheld, or do you rely on the pre-completed amounts retrieved from the Incomes Register.

If you enter the amounts yourself, enter the pay you have received since 1st January this year and the total amounts withheld on it.

Next, estimate your upcoming future income consisting of wages: You can choose whether you estimate

• Your pay for the entire year (12 months)
• Your pay for the remaining months of the year (from the date when the new tax card enters into force until the end of the year).

Make a calculation of the total wages, salaries, fees, holiday bonuses and fringe benefits that you get from all paid work. Do not include any social benefits, pensions, study grants or pay received from foreign payors. You will be able to enter these items separately.

The Other income stage — Pensions:

Select Yes for Pensions first, then click on Add new pension.

Select the pension payor’s name from the menu. Also select the pension type, such as old-age pension.

Look up the following on your pension decision and enter the information on the tax-card application form:

• Start date and end date for the pension payments in the current year
• Do you receive pension every month?
• Amount of the pensions, euros per month

If you are requesting a new tax card part way through the year, also fill in:

• Your pensions received so far during the year
• The tax withheld, from January up to the current day, i.e. how much tax you have paid on your pensions so far during the year
  (If this year, you have received an amount of pension that relates to last year or to a prior year, you must include it.)

If you demand periodisation of your income taxes on the pensions, select Yes. Enter the start and end date of the period, and the amount of pension.

You can request periodisation if you have received at least €500 in pension during the year and the pension concerns a period of 3 months or more prior to the tax year.

Click on OK to finish.

Proceed to Pre-completed income and deductions.

• In the section Pay and fringe benefits, enter the pay you receive from your own limited liability company. If you also receive pay from other sources, add up all the wages and salaries and enter the amount in the Pay and fringe benefits section.
  
  Remember to report the pay you have received since the start of the year as well as the withholdings you have paid.

Move on to Other income.

• Go to the section Business income and entrepreneur’s work income.
• Select Yes in the Pay of YEL or MYEL insured entrepreneur section. Re-enter the pay you receive from your own company.
• Select Yes in the Work income under YEL or MYEL section. Enter the YEL work income that has been determined with the insurance company.

Move on to the Other deductions stage.

• Go to the Other deductions section.
• Select Yes in the YEL or MYEL contributions or other mandatory pension insurance contributions section. Enter the pension insurance contributions you have paid to the insurance company.

Move on to the Other income stage.

• Scroll down until you get to the Compensation for use and trade income section.
• Select Yes at Trade income when you are not on the prepayment register or liable to pay VAT.
• Enter an estimate of the trade income for the entire year, as well as information on the trade income that has already been paid and the taxes withheld on it.
• If you are insured under YEL: Scroll down to Business income and entrepreneur’s work income. Select Yes in the Work income under YEL or MYEL section to report the details.

If you have expenses related to trade income, move on to the Other deductions stage.

• Select Yes for Expenses for the production of income.
• Click Open specification under Expenses for the production of other income than wage income.
• Enter the expenses in the field Expenses for the production of other work income.
• If you are insured under YEL: Scroll down to the Other deductions section. Select Yes in the YEL or MYEL contributions or other mandatory pension insurance contributions section to report the details.

Report trade income and YEL work income in the Other income stage of the tax card request.

• Scroll down until you get to the section Business income and entrepreneur’s work income.
• Select Yes for Trade income when you are not on the prepayment register but you are liable to pay VAT.
• Enter an estimate of the trade income for the entire year, as well as information on the trade income that has already been paid and the taxes withheld on it, and the expenses related to the trade income.

If you are insured under YEL:

• In the Other income stage, scroll down to Business income and entrepreneur’s work income. Select Yes in the Work income under YEL or MYEL section to report the details.
• Report the YEL pension insurance contributions you have paid to the insurance company in the Other deductions stage. Select Yes in the YEL or MYEL contributions or other mandatory pension insurance contributions section to report the details.

The Pre-completed income and deductions stage — Pay and fringe benefits:

Select whether you enter the amounts paid and taxes withheld, or do you rely on the pre-completed amounts retrieved from the Incomes Register. If you enter the amounts yourself, enter the pay you have received since 1st January this year and the total amount withheld on it.

Next, estimate your upcoming future income consisting of wages: You can choose whether you are:

• submitting an estimate of the entire year’s pay (12 months), or
• an estimate for the remaining part of the year (from the date when the new tax card enters into force until the end of the calendar year).

Make a calculation of the total wages, salaries, fees, holiday bonuses and fringe benefits that you get from all paid work. However, do not include your stock options here.

The Other income stage:

Scroll all the way down, and click Show more.

Scroll to Employee stock options and stock grants. Click the Yes button.

Enter the income value of your employee stock options in Estimated income for the entire year (gross).

If the “Method of reporting income received” selection appears, do not select information retrieved from the Incomes Register here. Enter the stock-options income yourself under Income received so far, since start of the year (gross), if part of that income is already recorded in your employer’s payroll accounts (the income in the form of employee stock options appears on your pay slip).

Make the right selection for whether your stock options are connected to Wage income or Other income. For the majority of employees, the selection is Wage income.

Select whether you want to pay the tax for the employee stock options as a prepayment. If you receive high income in the form of stock options, we recommend that you select Yes. If you pre-pay the income tax, you will not have to pay back taxes later.

The final selection is Do you receive wage income not subject to pension and unemployment insurance contributions?

First click the Yes button, and then enter your income in the form of employee stock options in Estimated income for the entire year (gross).

Go to the Other income stage.

• Scroll down until you get to Income for foster care provider, day care provider or family caregiver.
• Select Yes for Foster care provider’s fees and reimbursements of expenses.
• The first field is Fees and expense reimbursements received so far. Enter here a total amount containing
  • the fees paid to you so far
  • any reimbursements of travel expenses that you have invoiced separately
  • other reimbursements of expenses.
• The second field is Withholdings. Enter here the amount withheld from your fees so far.
• The third field is Estimated fees and expense reimbursements. Enter here your estimate of the fees and reimbursements of expenses for the entire year.
• The fourth field is Amount of reimbursement of expenses. Enter here the reimbursements of expenses for the entire year.

If you have invoiced reimbursements of travel expenses separately, go to Other deductions.

• Select Yes for Expenses for the production of income.
• Click Open specification under Expenses for the production of other income than wage income.

Enter reimbursements of travel expenses in Expenses for the production of other work income. Click OK.