Compliance updates - Finland
Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.
Finland becomes the first Member State to formally accommodate the ViDA initiative
The Finnish government has expressed a supportive position towards the proposals of VAT in the Digital Age reform and encourages the parliament to take action
Finnish e-invoicing Act goes live along with the validation in April
On 18 March 2020, the Finnish Government announced the postponement of the supplier mandate in line with the European Standard due to COVID-19. Now, starting 1 April 2021, all invoices to the government must meet the European Standard.
Finland extends zero VAT rating for goods used for COVID-19 testing and prevention
The new amendment (1031/2020) took effect on 21 December 2020 and applies through 30 April 2021.
The Finnish Government pushes back the deadline for new e-Invoicing Act
Introduction of the new Finnish e-Invoicing Act will be postponed due to the COVID-19 outbreak. E-invoicing formats that do not line up with the Act will be accepted until further notice, but businesses are still encouraged to align with the EU standards as soon as possible.
– B2G: Interoperability/Peppol
– B2B: Post Audit
– B2G: Tieke, Peppol or contracted service providers
– B2B: N/A
– B2G: TEAPPSXML, Finvoice, EN compatible
– B2B: N/A
Mandatory for Issuing:
– B2G: Suppliers to all contracting authorities
– B2B: No explicit requirements
Mandatory for Receiving:
– B2G: All contracting authorities
– B2B: Buyer’s consent required
– 6 years
– 13 years for invoices related to real estate investment
Allowed under conditions