Regulatory updates - Finland

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements for Finland.
July 3 2023

The Finnish government aims to digitalize tax collection

The Finnish Government strives for a better tax environment by setting certain goals to achieve and prioritize the digitalization of the tax collection routine.

January 30 2023

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

March 30 2021

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.

February 15 2021

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.

March 26 2020

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.

Country Specifications

E-Invoicing/CTC Model:

– B2G: Interoperability/Peppol

– B2B: Post Audit

Mandatory Infrastructure:

– B2G: Peppol or contracted service providers

– B2B: N/A

Mandatory Format:

– 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

eSignature:

Not Required

Archiving Period:

– 6 years

– 13 years for invoices related to real estate investment

Archiving Abroad:

Allowed under conditions

Regulatory overview

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