Updated Guidance on VAT Treatment of Construction Services Sales and Self-Uses by Finnish Tax Administration

• Finnish Tax Administration posted online Guidance No. VH/1222/00.01.00/2024 on VAT treatment of construction services
• Updates include changes for general VAT rate effective Sept. 1, 2024 and VAT Act amendments
• Clarification on deduction rules for construction for business activities
• New example on work association groups under Section 13 of VAT Act
• Clarification on tax basis for self-use of construction services
• Additions and changes to list of direct costs included in tax base
• Clarification on allocation of tax for construction services over time
• Replaces previous guidance and is valid from Oct. 16, 2024.

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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