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 |
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 |
Yes, mandatory for non-EU businesses |
Record retention period | 10 years |
Electronic invoicing | Not mandatory for B2B transactions |
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 |
Here's an overview of the latest VAT news for this country.