Annual payroll calculation

As the year end is approaching, so does the employer's obligation to compile the final annual tax and surtax calculation. The annual calculation is based on all salaries that are (shall be) paid out in 2014, and should be performed together with last payroll (payout) in December.

The annual payroll calculation is, for the first time in this year, submitted by means of the JOPPD form. Personal income tax law regulates the employer's obligation to compile the annual employment income tax calculation in certain situations together with the payout of the last payroll. The calculation itself is performed in order to establish any under or overpayment of personal income tax that should be adjusted together with final payroll to employee.