Amendments to VAT Act proposed following Finland’s accession to NATO

• Finland is considering amending its VAT Act to comply with EU VAT directive requirements following its accession to NATO.
• The proposed amendment would exempt domestic supplies of goods and services to other NATO member jurisdictions participating in joint defense efforts outside their jurisdiction from VAT.
• It would also exempt supplies of goods and services to other EU member states for the same purpose, as well as imports of goods to Finland for joint defense efforts.
• The changes are expected to take effect as soon as possible.

Source Deloitte

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