Finland Tax Agency Updates Guidance on VAT-Free Minor Activity

The Finnish Tax Administration Nov. 18 posted online updated Guidance No. VH/1581/00.01.00/2024, on VAT-free minor activity. Updates reflect the increase in the VAT registration threshold for small operations in Finland, to 20,000 euros (US$21,069) from 15,000 euros (US$15,802), effective Jan. 1, 2025. Topics covered include: 1) the VAT registration threshold of 100,000 euros (US$105,345) in turnover for the EU; 2) registration procedures for Finnish small businesses seeking to apply the exemption for minor activities in one or more other EU member countries; 3) the differences in the limits of low activity among EU member countries; 4) the resident and nonresident ...