- Finnish Ministry of Finance announced an increase in lower limit of turnover for VAT liability of small companies
- Lower limit of turnover for VAT taxation increased to 20,000 euros from 15,000 euros
- Revised limit applicable only if company’s turnover for current and immediately preceding calendar years is limited to 20,000 euros
- Law enters into force and is applicable from Jan. 1, 2025
Source: news.bloombergtax.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.
