5 Major Developments in Finland

5 Major Developments in Finland

• Finland Submits Letter Incorporating New EU VAT Directives for Digital Age

• Amendments to VAT Act proposed that are relevant to nonprofit organizations

• Proposal on Tax Adjustment for 2023

• Finland becomes the first Member State to formally accommodate the ViDA initiative

• Proposal published on introduction of new obligations for payment service providers

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DAC7

• Finland President Signs Law Implementing EU Directive on AEOI for Digital Platform Operators

• Act on the reporting obligation of operators of the digital platform economy in the field of taxation

Deduction (Input Tax Credit)

• Finland confirms 0% for domestic transport services

• Flashback on ECJ Cases C-184/04 (Uudenkaupungin kaupunki) – Member States are obliged to provide for a revision of the deduction of VAT in respect of investment goods

ECJ (European Court of Justice)

• Flashback on ECJ Cases C-184/04 (Uudenkaupungin kaupunki) – Member States are obliged to provide for a revision of the deduction of VAT in respect of investment goods

E-Commerce / Electronic Services

• Proposal published on introduction of new obligations for payment service providers

• Act on the reporting obligation of operators of the digital platform economy in the field of taxation

E-Invoicing

• Paper invoicing in EU trade history?

Excise

• Modifications to national excise duty on sugary drinks

Fraud / Tax Evasion

• Proposal published on introduction of new obligations for payment service providers

Importation

• Taxable amount for import VAT

• Decision on the tax value of other tobacco-containing products imported illegally or for non-commercial sale

Legislative Change

• Amendments to VAT Act proposed that are relevant to nonprofit organizations

Rate

• Proposal on Tax Adjustment for 2023
• Finland confirms 0% for domestic transport services

• VAT reduction cuts VR train tickets prices until April

• Temporary VAT relief on energy and transportation

• KMLZ VAT Newsletter 60/2022 – A look across the border

• Zero Rated Passenger Transport Services effective 1 January 2023

Reporting / Compliance

• 6 VAT Country Guides on Finland

• Insights into the Tax Systems of Scandinavian Countries

• A guide to VAT – Doing business in Finland

• Supreme Administrative Court: no late payment penalty for voluntary disclosure

• Country VAT Guide: Finland

Taxable Amount

• Electricity company: the electricity credit paid retroactively to the customer does not affect the company’s VAT position

• Supreme Administrative Court: Sale of service — Construction service — Total maintenance service — Life cycle contract — Geothermal plant — Redemption of the plant

• Taxable amount for import VAT
• Decision on the tax value of other tobacco-containing products imported illegally or for non-commercial sale

Tax Authorities / Penalties

• Supreme Administrative Court: no late payment penalty for voluntary disclosure – VATupdate

ViDA

• Paper invoicing in EU trade history?

• Finland’s view on ViDA

• Finland becomes the first Member State to formally accommodate the ViDA initiative

• Finland Submits Letter Incorporating New EU VAT Directives for Digital Age