The fund receives automatically from the Tax Administration the tax card information that will enter into force at the beginning of the year for all those who are members of the fund on 1 January. This tax card is always written for salary, so its information will need to be revised for withholding tax of benefits. Read more about the tax card for salary below.
The withholding tax percentage is determined by the date of payment of the benefit
The amount of tax will not be adjusted retrospectively, so make sure well in advance of the payment of benefits that the fund has your current tax card. You can use the WebKassa on-line-service to check whether the fund has received your tax card information from the Tax Administration and what type of tax card it is. This information can be found in the Income and tax information – Tax information tab of the on-line-service.
The withholding tax is always determined by the date of payment of the benefit, regardless of the period for which the benefit is paid.
Example. The benefit is paid simultaneously for January and February, so that the payment date is 10 March. The withholding tax on the entire benefit payable is determined on the basis of the information on the tax card that is valid on 10 March.