Do you sell goods purchased from different countries abroad, also installed, and buy services abroad? VAT liability when buying goods as import VAT registration in the destination country is usually necessary if you act as the importer yourself or if you have intra-community acquisitions in other EU member states. If the goods are sold installed,…
The annual conferences of Praxity and Mazars were once again held live after the COVID breaks. Our experts participated in the events, gathering newest information to serve our at the highest level. The most important takeaway from the conferences was the opportunity to meet new people and create contacts all around the world. For example,…
Transfer Pricing Adjustment – What Changes? The government proposal HE 188/2021 is intended to be approved by the parliament in December 2021, which would make it effective from the beginning of 2022. The main goal of the proposal is to expand the scope of the tax procedure law (“VML”) section 31, which concerns transfer pricing…
The Income Register is a nationwide electronic database that was introduced at the beginning of 2019. It contains comprehensive individual-level data on salaries, pensions, and benefits, which is shared for the needs of authorities and administrative bodies. Wage and salary information must be reported to the Income Register no later than the fifth calendar day…
As per the proposal given by the government on 1.10.2020, numbered 136/2020, the income tax law was amended from 1.1.2021 onwards, particularly in terms of Section 9 of the law. This clause deals, as per its title, with tax residency and non-residency in Finland. For tax resident persons, all worldwide income is taxed in Finland…
In short, the working conditions of posted workers are becoming more aligned with Finnish standards, there is an increased requirement for employers to compensate for travel and accommodation costs, and the obligation for pre-notification by the sending employer is expanded. Additionally, the law introduces a new concept of “long-term posting.” Regarding the terms of employment…
