07.18.23

New government plans on transition to real-time economy

Finland’s response to e-invoicing and the wider digitisation of its fiscal procedures has been more muted when compared to its European counterparts. However, the Finnish government has strongly hinted at the expansion of its tax infrastructure via introducing a real-time platform economy.  

More specifically, this trajectory would relate to the transfer of company documents, including e-invoices, in a digital form in a secure manner.  

Currently, the plans are not so fully fledged as to suggest that B2B e-invoicing will be mandated in the country, nor have any concrete timeframes been confirmed in this regard. However, it confirms that the digital transfer of e-documents is a significant preoccupation for EU Member States which is likely to heavily influence country policy and legislation.  

Please refer to further information in respect of the same here: 

https://valtioneuvosto.fi/documents/10184/158702198/Neuvottelutulos+hallitusohjelmasta+16.6.2023.pdf/2febf7a7-d5a1-6f17-df2d-95561de7a6de/Neuvottelutulos+hallitusohjelmasta+16.6.2023.pdf/Neuvottelutulos+hallitusohjelmasta+16.6.2023.pdf?t=1686924779616 

Finland has also recently commented on its support for the VAT in the Digital Age proposal, indicating that the country is leaning towards further digitisation and automation of its wider fiscal infrastructure. 

El cumplimiento es complicado

¿Desea obtener más información sobre cómo Tungsten Network facilita el proceso de cumplir con los requisitos?

Browse Finland updates

VAT re-classifications of specific products
  • Información del tipo de IVA/IBS
Finlandia
Return to former VAT rate for power supplies
  • Información del tipo de IVA/IBS
Finlandia
Clarification on stance on e-invoicing
  • Actualizaciones de los países
Finlandia
Zero VAT for domestic transport services
  • Información del tipo de IVA/IBS
Finlandia
Electricity VAT reduction
  • Información del tipo de IVA/IBS
Finlandia
Further extension of Covid-related VAT measures
  • Información del tipo de IVA/IBS
Finlandia