Usually, the seller is liable for value added tax. The VAT reverse charge mechanism applied in the scrap industry means that VAT liability for certain scrap metal and metal waste is carried by the buyer rather than the seller. This means that the buyer must calculate and pay the VAT. The VAT rate for scrap metal and metal waste is 24%. In other words, the value added tax must be paid according to the general tax rate.
Source Veroskatt
Latest Posts in "Finland"
- Finland Expands E-Invoicing for Tax Payments
- The End of the Paper Era: How the Nordic Countries Are Redefining the Future of VAT and Tax Compliance
- Monthly VAT Reporting Guide for Finnish Accountants
- Tax Authorities to Notify 400,000 Taxpayers on E-Invoicing Rollout in May
- AI-Powered Purchase Invoice Automation: Basware AP and Azets Agile Service Model Webinar, May 21, 2026
