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Finland import postponement update


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  • All cases of having to pay import VAT at the point of importation will now be withdrawn

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.