Emergency VAT rate cut on electricity from 24% to 10% until 30 April 2023; public transport reduced to 0% Finland’s government has brought forward a temporary VAT rate cut on domestic electricity in its 2023 Budget. This will be from the 24% standard rate to
No fines for late payments for non-residents due to pan-EU IT issues on new One Stop-Shop returns The Finnish tax office, Verohallinto, will not be issuing late return notices or imposing penalties for late payments on One Stop-Shop VAT returns between March and September 2022.
Intrastat – reporting on movement of goods between EU member states – reporting threshold to rise 1 January 2022 Finland has increased its Intrastat reporting thresholds for 2022 as follows Arrivals: increased to €700,000 per annum from €600,000 Dispatches: increased to €700,000 per annum from
Option to demand EU-standard electronic invoices from suppliers April 2020 Finland has permitted resident businesses the right to require B2B suppliers to provide electronic invoices only from April 2020. Government – Central, regional and local contracting authorities – are mandated to use e-invoices since April
Euro crisis cripples government finances Finland has joined most of the rest of Europe with a rise in its standard VAT rate to help manage the long-term effects of the 2007/08 financial crisis and subsequent Euro-currency crisis. The primary Value Added Tax rate will increase