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Finnish Tax Authority Provides Overview of Tax Changes for 2021

17 December 2020

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Approved Changes

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Finland

On 16 December 2020, the Finnish tax authority published an overview of tax changes for 2021. Some of the main changes covered in the overview page include the following: An increase in the Revenue Threshold for VAT Liability from EUR 10,000 to EUR 15,000 with effect from 1 January 2021 as previously reported; The expansion of the VAT Mini One Stop Shop system to cover all services sold to consumers in the EU and intra-EU distance selling of goods from 1 July 2021; Benefits in kind (fringe benefits) changes from 2021 as follows: the tax value of all-electric cars used...