If Finland is the place of supply, the supply is subject to the provisions of the Finnish VAT Act and taxed in Finland.
Because the liability to pay VAT depends on the country seen as the “place of supply”, the VAT Act contains a number of provisions for determining whether or not the sale or purchase of a product or service is deemed to have taken place in Finland. The Finnish VAT Act lays down the rule that VAT must be paid on the supply of goods and services, intra-Community acquisitions, and the import of goods when these transactions are carried out in Finland. In general, countries can only collect tax on the business that takes place within their territory. The provisions of the VAT Act can give you this information. If you conduct business with customers and suppliers in other countries, you must make sure that you know how every transaction is taxed in Finland. You must be aware of the VAT treatment of various transactions For example, it may be necessary to submit an application for VAT registration not only in Finland but also elsewhere. In the same way, companies must make sure they know the VAT requirements of the foreign country where they conduct business. One of the typical questions is whether the Finnish VAT, or the VAT of another country, should be paid when goods are sold to a customer outside Finland. Under the tax rules on value added taxes, companies must find out how sales and purchases are treated.
In addition, a Finnish company may need the goods and services it buys from foreign suppliers for purposes that relate to the operating of its business directly. Finnish companies also purchase many goods and services in other countries.
Selling goods and services to customers in other countries is part of the business of a number of Finnish companies.
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