arvonlisäveroilmoittamisen

Arvonlisäveroilmoittaminen refers to the process of reporting and remitting value-added tax (VAT) in Finland. Businesses registered for VAT are obligated to submit a VAT return to the Finnish Tax Administration (Verohallinto) periodically. This return details the VAT charged on sales (output VAT) and the VAT paid on purchases (input VAT) during the reporting period.

The reporting period can be monthly, quarterly, or annually, depending on the business's turnover. For most businesses, the VAT return is submitted electronically through the MyTax service or via an accounting software that is integrated with the tax administration's systems. The deadline for submitting the VAT return and paying any VAT due is typically the 12th day of the month following the end of the tax period.

If a business has paid more input VAT than it has charged output VAT, it may be eligible for a VAT refund. Conversely, if output VAT exceeds input VAT, the difference must be paid to the tax authorities. Accurate record-keeping of all sales and purchases is crucial for correct VAT reporting. Failure to comply with VAT reporting obligations can result in penalties and interest charges. The VAT system aims to ensure that tax is levied at each stage of production and distribution, with the final burden falling on the consumer.