- Finnish Parliament considering amendments to VAT Act and Taxation Procedure Act for 2025 budget proposal
- Measures include abolishing tax relief related to lower limit and extending national tax exemption to nonresident EU entrepreneurs
- Entrepreneurs with fixed place of business in Finland can apply tax exemption in other EU member states
- Resident entrepreneurs can continue applying tax exemption for minor activities in Finland even if EU turnover exceeds 100,000 euros
- Special system for tax exemption for small companies to apply to countries beyond member state of establishment
- Procedure for correcting quarterly declarations will be governed by VAT Act and Taxation Procedure Act
- Laws set to come into effect on January 1, 2025.
Source: globalvatcompliance.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.
