ALVsäännöt

ALVsäännöt refers to the set of regulations and guidelines governing the application of value added tax (VAT) in Finland. These rules are derived primarily from EU directives and are implemented through national legislation, notably the Finnish VAT Act (arvonlisäverolaki). They dictate how VAT is calculated, collected, invoiced, and reported for goods and services provided by businesses operating within the country or within the European Union.

Key provisions of the ALVsäännöt include standard and reduced VAT rates, which currently stand at 24% and 10% respectively for most goods and services, with certain categories such as basic food items, books, and public transportation subject to the reduced rate. The rules also define thresholds for small enterprises, for which simplified accounting is possible. Importers must apply VAT upon the import of goods, whereas exports are generally zero-rated. Intra-community supplies of goods between EU member states are exempted under specific conditions and require documentation under the reverse charge mechanism.

Businesses are required to register for VAT upon exceeding the registration threshold and must file regular returns. The Finnish Tax Administration oversees enforcement, conducting audits and imposing penalties for non-compliance. The ALVsäännöt also provide provisions for cross-border e-commerce, digital services, and taxation of services supplied to non-resident customers. These regulations ensure consistent collection of VAT across the EU and aim to prevent tax evasion by providing clear obligations and rights for both businesses and consumers.