Finland Submits Letter Incorporating New EU VAT Directives for Digital Age

The Finnish Government Jan. 19 submitted to Parliament (Eduskunta) Letter No. U 103/2022 vp, to implement the EU VAT Directives incorporating new VAT rules and regulations for the digital age. The letter includes measures to: 1) reform VAT reporting obligations by introducing digital reporting requirements; 2) improve the functionality of the special single point of contact system to avoid the need for multiple VAT registrations; 3) implement the electronic invoicing for cross-border transactions; 4) centralize electronic VAT database; 5) establish registration and administrative provisions for the timely collection of information; 6) implement deliveries of goods through an electronic interface; 7) ...