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Finland Implements Increased Revenue Threshold for VAT Liability

16 December 2020

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Approved Changes

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Finland

Finnish President Sauli Niinistö has reportedly signed the law providing for an increase in the revenue threshold for VAT liability in Finland, which was included as part of the Budget for 2021. The revenue threshold is increased from EUR 10,000 to EUR 15,000 under the VAT Act with effect from 1 January 2021.