Finland Tax Agency Updates Guidance on VAT Treatment of Full, Partial Business Transfers

The Finnish Tax Administration Oct. 20 posted Guidance No. VH/1921/00.01.00/2025, updating the VAT guidance on full or partial business transfers. Topics covered include that: 1) if a business is fully or partially transferred to a successor who begins using the goods and services for a purpose entitling it to a deduction, the transfer isn’t treated as a sale, and the successor doesn’t pay VAT on the transfer or the goods or services transferred; 2) the transferor and successor can’t agree on whether a full or partial business transfer is subject to, or exempt from, VAT; 3) the VAT Act removes ...