- Finnish Parliament considers Bill No. HE 50/2024 vp to amend VAT Act and Taxation Procedure Act of Self-Initiated Taxes
- Bill related to 2025 budget includes measures such as abolishing tax relief in relation to lower limit
- Extending national tax exemption for small activities to nonresident entrepreneurs in EU member states
- Allowing entrepreneurs with fixed place of business in Finland to apply tax exemption in other EU member states
- Continuing to allow resident entrepreneurs to apply tax exemption for minor activities in Finland even if EU turnover exceeds 100,000 euros
- Introducing special system for tax exemption for small companies in countries other than member states
- Clarifying procedure for correcting quarterly declarations under VAT Act and Taxation Procedure Act of Self-Initiated Taxes
- Laws to enter into force on Jan. 1, 2025.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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