Postponed Accounting for Import VAT in Finland

Journal
Author
Kaleva, A.; Ruohola, T.
Country
Finland; International
Published Date
Issue
International VAT Monitor 2018 (Volume 29), No. 2
FormatPDF
EUR
45
| USD
50 (VAT excl.)

On 1 January 2018, Finland introduced postponed accounting for import VAT – also known as reverse charge on import VAT in other EU Member States. In this article, the authors discuss the key features of the new system and the way the taxable base for import VAT should be calculated, and provide their conclusions.