VAT for entrepreneurs

Value added tax (VAT, ALV in Finnish) is added to most sales, and the entrepreneur pays it to the Finnish Tax Administration (Vero). You can deduct the VAT you have paid on purchases.

You will need

• MyTax (OmaVero) login
• Bookkeeping
• Information on your turnover

Steps

1. Find out whether you must pay VAT

   You become liable for VAT once your turnover for the financial period exceeds the registration threshold; check the current threshold with the Tax Administration.

2. Register

3. Know the tax rates

4. Add VAT to your invoices

5. Deduct VAT on purchases

6. File your return

7. Pay on time

The full guide with every step is for members. Try 7 days for €0.99.

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