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Finland Updates — June 2025

2 items — news and publications combined.

Compliance Update2 articles

FinlandJun 27, 2025

Buyer Waiver May Block Additional VAT Assessment on Commercial Vehicle Sales

In a VAT audit, the sale of a van used in VATable business activity was found to have been incorrectly treated as VAT-exempt. Finnish law allows a corrective mechanism if the buyer waives its right to deduct VAT.

FinlandJun 11, 2025

Finnish Tax Audits Significantly Reduce Shadow Economy Activity, Study Finds

According to a study published by the Finnish Tax Administration, tax audits have a lasting impact on companies engaged in the shadow economy. Many cease operations altogether, while those continuing business report higher income, wages and taxes after audits.

Compliance Update2

FinlandJun 27, 2025

Buyer Waiver May Block Additional VAT Assessment on Commercial Vehicle Sales

In a VAT audit, the sale of a van used in VATable business activity was found to have been incorrectly treated as VAT-exempt. Finnish law allows a corrective mechanism if the buyer waives its right to deduct VAT.

FinlandJun 11, 2025

Finnish Tax Audits Significantly Reduce Shadow Economy Activity, Study Finds

According to a study published by the Finnish Tax Administration, tax audits have a lasting impact on companies engaged in the shadow economy. Many cease operations altogether, while those continuing business report higher income, wages and taxes after audits.

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Finland Monthly Updates — Past Issues

2026

May 20265 articles April 20264 articles March 20262 articles February 20261 article January 20265 articles

2025

December 20253 articles November 20253 articles October 20253 articles September 20254 articles August 20252 articles July 20251 article June 20252 articles May 20251 article April 20251 article March 20251 article January 20254 articles

2024

December 20241 article November 20241 article September 20242 articles August 20241 article July 20242 articles