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Finnish Tax Administration Guidance on Income Tax and VAT Changes Effective Jan. 1, 2025

  • Finnish Tax Administration posted online Guidance No. VH/7934/00.01.00/2024
  • Topics covered include changes to deductibility of expenses, updates to VAT registration requirements, conditions for tax exemptions, and VAT and income tax treatment of natural product income
  • Changes in VAT exemption threshold for minor activities to 20,000 euros as of Jan. 1
  • Guidance valid from Jan. 1 and replaces previous guidance from Dec. 15, 2020

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.

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