- Finnish Tax Administration updated Guidance No. VH/1581/00.01.00/2024 on VAT-free minor activity
- VAT registration threshold for small operations in Finland increased to 20,000 euros from 15,000 euros, effective Jan. 1, 2025
- Topics covered include VAT registration threshold for EU, registration procedures for Finnish small businesses in other EU countries, differences in low activity limits among EU countries, resident and nonresident taxpayers eligible for tax exemption, and right to deduct input VAT on acquisitions
- Guidance valid from Jan. 1, 2025, replacing previous Guidance Nos. VH/8130/00.01.00/2020 and VH/689/00.01.00/2023.
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.
