VAT Exemption for Small Businesses in Finland: New Guidelines

• This document discusses VAT exemption for small businesses in Finland.
• The document covers the EUR 20,000 turnover threshold for small-scale business activity in Finland and the EUR 100,000 threshold applied to Union-wide annual turnover.
• The document also covers the new EU VAT scheme for small-scale businesses that entered into force on 1 January 2025.
• The document replaces the previous guideline that set the limit for a VAT-exempt small-scale business at EUR 15,000.
• The most significant changes include the turnover threshold in euros, threshold appraisals looking at the entire calendar year instead of the accounting year, consideration given also to the preceding calendar year’s turnover, the elimination of the present VAT relief for small businesses, and the start date of tax liability.

Source: vero.fi

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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