New VAT rules affecting small businesses will come into force as of 1 January 2025. The new VAT Act might open a new opportunity for Finnish SMEs selling to other EU countries to utilize VAT relief in other EU member states.
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The general VAT rate rises to 25.5% starting 1 September 2024. The guidance may be useful, at least for individuals managing the company's sales, invoicing, and contracts.
The following is a short summary of the Panel economic barometer (in Finnish and Swedish) that the Ostrobothnian Chamber of Commerce conducted among its member companies at the end of April 2024. The survey shows that the economic situation for companies in Ostrobothnia and Middle Ostrobothnia is more positive now compared to the situation in the autumn.
If you are not one of those people who booked a Christmas party venue before 1 May and bought Christmas presents in August, now is the time to act. Perhaps you find it a bit easier to show your appreciation generously to your staff if some of the expenses are tax-deductible. We answer some of the entrepreneurs’ most asked tax questions with Christmas at hand.
Companies seeking to enter the Finnish market may initially set up a small branch or a sales outlet here, but from the beginning they will need Finnish accounting and tax services.
