Accounting and Statutory reporting

As an entrepreneur, you are responsible for a wide range of statutory obligations — and statutory reporting to authorities is among the most critical. Reports must be submitted accurately and on time, often within strict deadlines. Reporting can feel burdensome, but when it is handled carefully and systematically, you can be confident your business remains compliant — and you can focus fully on running your operations.

At Tuokko, we take care of your statutory reporting

We ensure that all statutory reports are submitted to the relevant authorities on time and in the correct format. We understand the requirements of different authorities, use modern financial administration systems, and actively monitor legislative changes — so you don’t have to. This keeps your business up to date with its obligations without unnecessary effort or risk of penalties.

What does the service include?

Statutory reporting consists of various filings and reports, the number and content of which depend on your company’s size, industry, and international activities. Tuokko’s experts typically manage, among others, the following:

Self-assessed tax returns (VAT returns)
– reported regularly, usually monthly or quarterly, to the Tax Administration
VAT recapitulative statements (for EU sales)
– reported if your company has sales directed to the EU area
Intrastat declarations (EU internal trade statistics)
– submitted to Customs if the EU trade value threshold is exceeded
Corporate income tax returns
– submitted annually to the Tax Administration in connection with financial statements
Annual information returns
– e.g., notifications of dividends, shareholder loans, and interest income to the Tax Administration
Financial statement data to the Finnish Patent and Registration Office (PRH)
Other regulatory reports according to the company’s specific needs
– such as Statistics Finland inquiries, industry-specific reports, or international reporting obligations

Authorities and their supervisory roles

Financial administration regulatory reporting is part of broader regulatory oversight, aimed at ensuring transparency, accuracy, and the realization of taxation and social security. Different authorities have their own roles and responsibilities:

Tax Administration

Responsible for the accuracy of taxation and collects companies’ tax returns, such as VAT, employer, and income tax returns.
Supervises compliance with tax legislation and the timely payment of taxes.
Maintains the Incomes Register, where all payroll data is reported in real time.

Finnish Patent and Registration Office (PRH)

Supervises the publication of companies’ financial statement data and registers them in the Trade Register.
Submission of financial statements to PRH is especially important for limited liability companies and foundations, ensuring transparency and accountability.

Customs

Supervises EU internal trade and international goods traffic.
Receives Intrastat declarations based on EU statistical obligations.
Ensures that goods flows and related payments are reported correctly.

Statistics Finland

Collects statistical data from companies, which is used for monitoring the national economy and decision-making.
Supervision is based on the obligation to provide information—certain companies receive separate inquiries, for example, on turnover, employment, or financial statements.

Why choose Tuokko?

Tuokko is a reliable partner in regulatory reporting. We continuously monitor changes in official guidelines and legislation and ensure that all reports are prepared correctly and on time. We handle reporting as an integrated part of your company’s accounting and financial statements, seamlessly and efficiently. This allows you to focus on developing your business, knowing that statutory obligations are always in order.