We withhold taxes from distributions in accordance with the personal additional income or freelancer tax rate of the music author.
The Finnish Tax Administration provides us with the personal withholding tax rates of our music author customers on an annual basis. If you are about to obtain a distribution from Teosto, and have applied for your tax deduction card to be amended, send us a copy of your tax deduction card.
Retired authors and new author customers should inform us of their tax rate in order to avoid 60-per cent taxation, since the tax deduction cards of such groups of people are not automatically sent to us.
Copyright income obtained via inheritance constitutes capital income, subject to a withholding tax paid for capital income.