- Finnish Tax Administration releases new guidance on VAT liability for financial services
- Guidance No. VH/2893/00.01.00/2023 addresses key issues such as definition of financial services, rules for credits, exemptions for payment transactions and securities trading services
- VAT treatment of investment fund operations and long-term leasing services also clarified
- Non-deductibility of VAT on purchases linked to VAT-exempt financial services
- Guidance took effect immediately upon publication
Source: globalvatcompliance.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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