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Finland import VAT deferment 2018

  • Dec 6, 2017 | Richard Asquith

Finland import VAT deferment 2018

Importers of goods from outside of the EU into Finland will benefit a import VAT deferment from 1 January 2018.

Importers with a Finnish VAT number will no longer be required to pay the import VAT on clearing the goods. Instead, they can wait to self-assess the VAT via their periodic VAT return.  The reforms come as the responsibility for managing Finish import VAT moves from Customs to the Tax Administration.

The legislative changes do not affect how VAT applies to importations made by private persons or by businesses that are not registered for VAT in Finland. VAT on importation will in these cases be still levied by the Finnish Customs at the time of customs clearance. The legislative changes will also have no impact on the customs procedures used by taxable persons. Finnish Customs will also continue to oversee importation procedures and be responsible for crime prevention.

Need help with your Finnish VAT compliance?

Researching Finnish VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.