Standard VAT rate

24%

Country code

FI

Reduced VAT rates

10%, 14%

Super reduced rate

N/A

VAT returns

Monthly

VAT number format

12345678

Latest news from Finland

Finland to defer VAT on imports to VAT returns

From 1 January 2018, Finland will change the rules on accounting for VAT when importing goods into the country by allowing VAT registered businesses to defer the import VAT to their VAT reporting. This will in effect remove the requirement to pay import VAT on goods at the time they are imported, which could result… Read More

Finland increases its Intrastat threshold for the purchase of goods from other EU countries

From 1 January 2016 the Intrastat threshold for the purchase of goods from other EU countries (arrivals) has been increased from €500,000 to €550,000 per annum.

Finland’s proposed VAT increase subject to Parliamentary approval

The government has formally proposed that VAT rates will increase by one percent from 1 January 2013. The standard VAT rate is set to rise to 24% and the lower rates to 10% and to 14% respectively. The proposals are subject to Parliamentary approval.