Finland’s VAT system (Arvonlisävero – ALV) follows EU regulations, with a standard rate of 25.5% and reduced rates of 14% and 10% for specific goods and services. Businesses must register if annual turnover exceeds €20,000, file VAT returns monthly, quarterly, or annually based on revenue, and comply with strict invoicing rules, while special VAT mechanisms such as reverse charge, import VAT deferment, and OSS for digital services help streamline compliance.
Source: www.fiscal-requirements.com
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