The Ministry of Finance has heard of the companies’ plight and announced on 13 April 2021 that it will start preparing a new temporary simplified payment scheme for taxes.
According to a press release from the Ministry of Finance , the applicable interest rate would be 2.5% as last spring, which is significantly lower than the 7% rate normally applicable. According to the release, the changes are again temporary and would affect the taxes included in the payment arrangement.
Source Confederation of Finnish industry
Latest Posts in "Finland"
- Finland VAT Guide: Rates, VAT Relief and Compliance Deadlines
- Central Tax Board issues preliminary ruling clarifying the VAT treatment of a specified supply
- Supreme Administrative Court Clarifies Penalty for Conflicting VAT Returns
- Payment Services Remain VAT Exempt in Finland — Supreme Administrative Court Clarifies Scope of the Exemption
- Central Tax Board clarifies VAT treatment of e-commerce payment services
