Commentary

Capital goods scheme

13 Finland
13 Finland | Commentary

Capital goods scheme

13 Finland | Commentary

Capital goods scheme

Finland has implemented the option provided in the Principal VAT Directive to introduce a scheme enabling the amount of input VAT recovered on the acquisition of certain capital assets to be adjusted over several years.

The scheme, which is known as the 'capital goods scheme', applies to buildings or renovation of real estate.

At the time of acquisition of the asset the amount of input VAT that can be recovered is based on the partial exemption position of the business at that time.

This amount is adjusted up or down over the next ten years to reflect any changes in

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