GRANTS AND TAXATION The taxation of grants received by an artist depends on three factors: the purpose for which the grant was awarded, who or what entity awarded the grant, and what the annual total sum of the grants awarded to the person is. Is it a working grant, a project grant, or a mixed-form grant? The main types of grants are project grants and working grants. In addition, there are mixed-form grants, with which the artist is awarded…
TAXATION OF AN ARTIST ENTREPRENEUR When an artist receives his or her primary income from the sale of artwork, he or she is usually taxed in accordance with the Business Tax Act. In such a case, the artistic activities are comparable to normal business activities with regard to taxation. In the tax guide for visual artists compiled by the Artists’ Association of Finland, the main focus is on activities handled under the Income Tax Act. However, the taxation principles…
GENERAL INFORMATION ON THE TAXATION OF ARTISTS The Artists’ Association of Finland has compiled a guide in PDF format (in Finnish) on the most important tax instructions for an artist: »Ammattitaiteilijan verotusohjeita» The guide focuses primarily on business operations dealt with in accordance with the Income Tax Act. However, the taxation principles presented can to a large extent be applied also to the taxation of artists taxed in accordance with the Business Tax Act. Selection of the tax act…
THE BUSINESS TAX OR INCOME TAX ACT? Paid work and grants The primary source of income is paid work, such as teaching, and/or a grant The Income Tax Act The sale of artwork is taxed in accordance with the Income Tax Act Sale of artwork If the primary source of income is paid work or a grant, the costs from the sale of artwork can be deducted from the wage income Business activity The primary source of income is…
PURCHASE PRICE, WAGES, OR PAYMENT FOR LABOUR? In selling works of art, the question sometimes arises of what type of consideration should be charged for the artwork. This is especially significant in terms of taxation and pensions. Sale of a work of art When a finished work of art is sold (for example, from an exhibition), the consideration received for the sale is a purchase price. This is true even if the seller him- or herself has created the…
FREELANCER GUIDE FOR IMMIGRANTS BY UKKO.FI “Finding work in Finland is not always easy or straigtforward, and the same applies to working itself. There are numerous ways of doing things and in order to make it, one must find Access to all the silent information out there. When you’re an immigrant dealing with Tax Administration, TE-office and Kela, this information might not always be directly at your reach. To make it easier for immigrants to find their way in…
MAKING YOUR LIFE AS AN ARTIST: A GUIDE TO BUILDING A BALANCED, SUSTAINABLE ARTISTIC LIFE US-based Artists U released a download a free publication that explores, inspires and advocates the work and lifestyle of artists. Written by artist, choreographer and Artists U founder Andrew Simonet, Making Your Life As An Artist can be read as a manifesto, a call to action, a philosophical and spiritual guide as well as a survival handbook. Written in the form of a prose poem and…