The Finnish Large Taxpayers’ Office (LTO) has issued guidelines to various Finnish large-scale enterprises regarding the deduction of transaction costs and the VAT treatment of interests and treasury functions. The new guidelines provide that costs incurred in relation to borrowed money are not deductible for VAT purposes. The same instruction applies to treasury functions and other inter-company financial services too. Taxand Finland discusses how these new guidelines are not compliant with previous tax practice.
via New Finnish guidelines for large-scale enterprises don’t comply | Taxand.
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