Europe

The European Union’s VAT in the Digital Age (ViDA) legislative package will bring profound changes to value-added tax compliance for businesses operating in Finland and across the EU. The reforms, to be implemented gradually between 2028 and 2035, mandate real-time digital reporting (DRR) based on e-invoicing standards, a single EU VAT registration for cross-border supplies

The Finnish Tax Administration has confirmed the 2026 social insurance contribution rates applicable to employers, employees, and self-employed individuals. The changes reflect annual adjustments based on wage indices and legislative amendments to the Health Insurance Act and the Employment Pension Insurance Act. Effective 1 January 2026, the employer’s total contribution rate will be 20.57% (including

The Finnish Tax Administration (Verohallinto) has announced a change to its bank account details for tax payments, effective 1 December 2026. A new OP Bank account will replace the existing Danske Bank account, which will remain operational during a six-month transition period until 31 May 2027. The Nordea account remains unaffected. This update is part

Starting with the 2026 tax year, the Finnish Tax Administration will receive significantly expanded information on crypto asset transactions under new reporting obligations aligned with the EU’s DAC8 directive and the OECD’s Crypto-Asset Reporting Framework (CARF). Both domestic and foreign crypto-asset service providers (CASPs) will be required to report detailed transaction data for Finnish tax

The Finnish Parliament has enacted legislative amendments to the taxation of dividend income and the valuation of corporate assets in share exchange situations, effective from the 2026 tax year. The reforms address long-standing issues where share exchanges could trigger unintended tax consequences due to mismatched valuation methodologies. Under the new rules, the taxable value of

Finland has transposed the OECD/G20 Pillar Two Global Anti-Base Erosion (GloBE) rules into domestic law, introducing a 15% minimum effective tax rate for multinational enterprise (MNE) groups with consolidated revenues exceeding EUR 750 million. The legislation, effective for fiscal years starting on or after 31 December 2025, implements the Income Inclusion Rule (IIR) and the

From 2027, the Finnish Tax Administration will extend its MyTax digital service to cover the tax management of estates of deceased persons (death estates). Currently, estate administrators must interact with the Tax Administration via paper forms and separate correspondence. The planned integration will allow authorized shareholders, estate administrators, and legal representatives to file estate tax