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How does the advance payment of taxes work on Truster Pro Light ?
When your customer pays an invoice that you have sent via Truster Pro Light , we process the payment as follows:
This means that for each payment, a portion is automatically deducted at your tax rate. We take care of all the tax withholding and accounting to the Tax Administration for you, so you can focus on running your business without worrying about tax.
Remember to update your tax card if necessary
It is important to be realistic about your income and make sure that your tax card reflects your current situation. We automatically retrieve your tax card information from the Tax Administration and use it to withhold tax. If you find that your tax card needs updating, you can easily make changes in MyTax. When you update your tax card, Truster retrieves the new information from the Tax Administration every day.
What kind of tax card should you have?
The tax card must be for wages and salaries, and it must take into account all your income - both any other income from wages and any income received through your business. This will ensure that your withholding tax deductions are at the right level and avoid unpleasant tax surprises.
Truster Pro With Light, managing your withholding tax is now easier and more transparent. We take care of paying your taxes so you can focus on your business.
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