Doing business in Finland - VAT 2008

With effect as of June 1, 1994 Finland adopted the value added tax, replacing the partly cumulative turnover tax. Later the Finnish VAT legislation has been amended to conform with the EU VAT rules.

This guide includes information on following topics:

• Taxable persons
• Taxable amount
• VAT rates and application
• Place of taxable transaction
• Exemptions
• VAT registration
• VAT returns and payment of VAT
• VAT reclaims
• Invoicing
• Guidance and advance ruling.