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 cut VAT on e-books to 5%

From 1 July 2019, Finland is set to cut the VAT rate applicable on e-books to 5% from 21%. This follows the EU Councils proposal to allow EU member states to cut rates on electronic publications to match their printed equivalents, please click here for the full article.

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.