QUESTIONS AND ANSWERS

Tax assessment / income

We receive tax assessments directly from the Tax Administration, and the information is made public each year in October. We only receive information about your general income, how much tax you have paid, your tax class and how much capital is registered to your name.

General income is defined as `net income based on tax law rules relating to taxable income, deductible expenses and losses'. (The tax authorities)

In simple terms, you can say that your general income is the net amount you are left with after tax and deductions or the amount that you actually have at your disposal to cover food, electricity, loan instalments etc. 

Your gross income is your total taxable income, including income from employment, business income, capital income, pension earnings and certain benefits. We do not receive information about your gross income from the Tax Administration, but the amount is calculated using a model based on information received from the Tax Administration.