Trade income and royalties on your tax card

Trade income

If you request a tax card for trade income, you must estimate your income for the entire year. You can present the same tax card to multiple payors.

How to request a tax card in MyTax for trade income

What is meant by wages and trade income?

Note: If you have an employment relationship to the payor, you will need a tax card for wages. See the instructions on a tax card for wages.

Monitor your income ceiling
Make sure that you keep an eye on how much income you earn, especially if you have multiple employers or clients. If the tax card’s income ceiling is too low, request a new tax card in MyTax.

Instructions for different situations

I am a light entrepreneur and work through an invoicing service. Do I need a tax card?

Foster care providers, support families, support persons – how to manage your taxes (available in Finnish and Swedish, link to Finnish)

Copyright royalties

Royalties, i.e. compensation for use of a copyright, can be taxed as earned income or capital income. 

If the compensation for use is taxed as earned income, you must request a tax card for compensation for use.

If the compensation for use is taxed as capital income, you do not need a tax card. Instead, the payor will withhold 30% tax on the income. Royalties are taxable as capital income if the copyright has been inherited, received through a will, or bought.

How to request a tax card in MyTax for compensation for use

What is compensation for use?

How to find the tax card and prepayment decision in MyTax