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FINLAND

Finland

Finland is one of the 27 Member States of the European Union.

Basic VAcTs

Latest update 01.06.2024
Country ISO Code FI
EU Member State Yes
Local name Arvonlisävero (ALV)
VAT number format FI 12345678
VAT Rates  
Standard VAT Rate 24%
Reduced VAT Rate 10%
Special Reduced VAT Rate 14%
VAT Compliance  
Standard VAT Return filing period Monthly or calendar quarter *
Standard VAT Return filing deadline 12th day of the second month following the filing period
VAT Representation required for non-resident businesses? Yes, mandatory for non-EU businesses
Record retention period 10 years
Electronic invoicing Not mandatory for B2B transactions
Click HERE for more info
Real-time reporting n.a. *
Special Rules  
General domestic reverse charge for domestic
supplies of goods by non-resident businesses?
Yes, domestic supplies of goods by non-resident businesses to VAT registered B2B customers
Other domestic reverse charge mechanisms? Yes, e.g. (sub-)contracting work, supplies of
specific goods (e.g. scrap, waste materials), and supply of CO2-certificates
Postponed Accounting on Import Yes
VAT Grouping possible? Yes
VAT Refunds for non-EU businesses? Yes (no reciprocity)
Remarks  
Link to VAT Law  HERE
Remarks * Non-resident businesses must always submit
monthly VAT Returns

Below is an overview of the latest VAT news for this country.

Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.

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