alvirekisteröinti

Alvirekisteröinti is a Finnish term that translates to "VAT registration" in English. It refers to the process by which a business or individual entity registers with the Finnish Tax Administration (Verohallinto) to be able to charge and remit Value Added Tax (VAT). This registration is mandatory for most businesses operating in Finland that exceed a certain annual turnover threshold.

The purpose of alvirekisteröinti is to ensure that VAT is collected correctly and paid to the state. Once registered, a business is assigned a VAT number, which must be included on all invoices issued. This number identifies the business for VAT purposes and allows for the tracking of transactions.

There are specific conditions under which alvirekisteröinti is required. Generally, businesses selling goods or services within Finland, or importing goods into Finland, need to register if their taxable turnover is expected to exceed 15,000 euros in a 12-month period. However, there are exceptions and special rules for certain types of businesses and transactions, such as those involving cross-border trade within the European Union.

The registration process is typically carried out electronically through the Finnish Tax Administration's online services. Applicants need to provide details about their business, including its legal form, contact information, and anticipated turnover. Upon successful registration, the entity becomes part of the VAT system and is responsible for complying with all associated obligations, including filing VAT returns and paying any VAT due. Failure to register when required can result in penalties.