Finland Parliament Considers Bill to Amend VAT Act, Taxation Procedure Act of Self-Initiated Taxes

The Finnish Parliament (Eduskunta) May 17 accepted for consideration Bill No. HE 50/2024 vp, to amend the VAT Act and the Taxation Procedure Act of Self-Initiated Taxes. The bill is related to the 2025 budget and includes measures that would: 1) abolish the applicable tax relief in relation to the lower limit; 2) extend the application of Finland’s national tax exemption, for small activities, to nonresident entrepreneurs who have their business headquarters in another EU member state, subject to specific conditions; 3) allow entrepreneurs, with a fixed place of business in Finland, to apply the tax exemption in other EU ...