Finland – tax measures in response to COVID-19

On 15 March 2020, the Finnish Tax Authorities published actions to support companies with challenges they might face during the COVID-19 epidemia.

There have been no changes to filing or payment due dates, however the Finnish Tax Authorities have listed the following measures:

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Finland – cash flow friendly declaration of import VAT as from 1 of January 2018

Starting 1.1.2018 the Finnish Import VAT will need to be paid and reported to the Finnish Tax Administration instead of the Finnish Customs. The Finnish Customs has previously been the competent authority relating to the VAT on the importation of goods, but will no longer handle such matters starting next year (the exception being imports of goods by individuals and companies not being registered for VAT).Read More »

Helsinki by scooter

475474_web_R_by_Birgit Winter_pixelio.deAs a city Helsinki is spacious with wide streets and pedestrian paths. But what one can really envy about Helsinki are the cycling paths. Where there is path for pedestrians, there is also a path for cyclists. And the best way to explore a city one doesn’t know? By foot. Therefore I included in my luggage a collapsible pedal scooter. And honestly, that was exactly the right way to get around in this city. Read More »

Toll manufacturing creates a fixed establishment in Poland

A Polish court (i.e. the Administrative Court of Warsaw) ruled in one of its recent judgments toll manufacturing to create a fixed establishment for VAT in Poland.

A Finnish manufacturer of boats intended to extend its business activities to Poland. Before it started conducting business in Poland, it applied for a ruling to the Polish Ministry of Finance. Read More »

Tour Operators Margin Scheme (TOMS)

The European Court of Justice published its judgement in an infringement procedure where the EU Commission brought several EU Member States to the Court for failure to comply with their obligations under the EU VAT Directive.

The actions relate to the special scheme for travel agents which is commonly referred to as TOMS (Tour Operators Margin Scheme) and which is relevant from an EU-wide VAT perspective. There has been some uncertainty Read More »

Finland – increase of VAT rate as per 1 January 2013

The Finnish Government has issued on Monday 17 September 2012 an official proposal to increase the current VAT rates by 1% in Finland. It is foreseen to increase the standard VAT rate from 23% to 24% and the two reduced VAT rates from 9% to 10% and from 13% to 14%.

If passed by Parliament, the increase will take effect from 1 January 2013.