arvonlisäverovelvollista

Arvonlisäverovelvollinen refers to a taxable person for value-added tax (VAT) purposes in Finland. This is a legal entity or individual that is liable to register for and charge VAT on their goods and services. Generally, any business conducting economic activities within Finland may be required to become an arvonlisäverovelvollinen if their taxable turnover exceeds a certain threshold within a financial year. Currently, this threshold is €15,000. However, certain exemptions apply, and some activities may be VAT-exempt by nature, meaning the entity conducting them is not considered an arvonlisäverovelvollinen for those specific activities. Once registered, an arvonlisäverovelvollinen must collect VAT from their customers and periodically submit VAT returns to the Finnish Tax Administration (Verohallinto), remitting the collected VAT after deducting any VAT they have paid on their own purchases. Failure to comply with VAT obligations can result in penalties. The definition and requirements are primarily governed by the Finnish Value Added Tax Act.