5 Major Developments in Finland

5 Major Developments in Finland

• Supreme Administrative Court: Marginal scheme , profit margin, car tax export refund

• Amendments to VAT Act enacted following Finland’s accession to NATO

• Programme New Government: A strong and committed Finland – VAT aspects

• Country fact sheets: eInvoicing in Finland

• Finland B2B real-time reporting evaluation

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CESOP

• Reporting laws for payment providers on cross-border transactions

DAC7

• Guidelines for Digital Platform Operators on AEOI Reporting under EU Directive

• Guidance: Disclosure obligation of the reporting platform operator (DAC7)

Deduction (Input Tax Credit)

• Summary of SAC rulings regarding right to deduct VAT on stock market listing costs

• Supreme Court: Adjustment of the deduction — Credit loss — Restructuring procedure — Cutting the restructuring debt — Conversion of the restructuring debt into the debtor’s shares

• New Supreme Administrative Court Ruling on the VAT Deduction Right of Stock Market Listing Costs

• Supreme Court: Right to deduct — Distribution of the right to deduct — Listing costs — Issue of shares — Sale of old shares

• New Supreme Administrative Court Ruling on the VAT Deduction Right of Stock Market Listing Costs

• Case: Joint procurement — Safety net regulation — Right of deduction and refund

E-invoicing

• Finland B2B real-time reporting evaluation

• Country fact sheets: eInvoicing in Finland

Environmental Tax

• Government Decree on Waste Electrical and Electronic Equipment

Exemption

• Amendments to VAT Act enacted following Finland’s accession to NATO

• Finland Implements VAT Exemption for Defense Forces Considering NATO Membership

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

• Exemption for supplies of goods and services to NATO forces

Invoice

• VAT Guide – Finland

Margin Scheme

• Supreme Administrative Court: Marginal scheme , profit margin, car tax export refund

Rate

• International VAT Rate Round Up: June 2023è
• Programme New Government: A strong and committed Finland – VAT aspects

• Finland VAT Rate Changes

• VAT Guide – Finland

• Power Prices Set to Jump as VAT Discount Ends

• Finland Electricity VAT Cut to 10% and Public Transport to 0% Ends

Real Time Reporting/Continuous Transaction Controls

• Finland B2B real-time reporting evaluation
• Programme New Government: A strong and committed Finland – VAT aspects

Refund

• Amendments to VAT Act enacted following Finland’s accession to NATO

Reporting / Compliance

• Ryan March 2023 Highlights

• Guidelines for Digital Platform Operators on AEOI Reporting under EU Directive
• VAT Guide – Finland

SME (Small and Medium- Sized Enterprises)

• Tax Agency releases updated guide for VAT liability relief for small businesses

• Finland Tax Agency Issues Updated Guide on VAT Liability Relief for Small Businesses

Tax Authorities / Penalties

• The administrative court has rejected Sanoma’s appeal concerning the VAT treatment of distribution of certain magazines

ViDA

• ViDA Feedback from: Confederation of Finnish Industries

• Input into the public consultation of the European Commission on ViDA: Finnish Commerce Federation