Finland import postponement update

Finland has issued proposals to update its import VAT deferment scheme this month.  The changes include:

• Importers must report the import VAT due in the same month as the import
• For VAT-registered businesses The tax office will become responsible for administering the import VAT administration instead of the customs office
• Non-VAT registered businesses will still have to pay import VAT to the customs office.  Although the customs office remain responsible for verifying correct customs valuations and regulatory compliance
• All cases of having to pay import VAT at the point of importation will now be withdrawn