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Commentary

Time of supply (tax points)

13 Finland
13 Finland | Commentary

Time of supply (tax points)

13 Finland | Commentary

Reporting obligations

Time of supply (tax points)

The basic time of supply for goods and services is the month in which the goods were delivered or the services were performed.

Business can account for VAT based on invoices that have been issued and received. At the end of the accounting year, an adjustment needs to be made to follow the basic tax point and the VAT previously accounted for adjusted accordingly.

There are special tax point rules for the following:

Prepayments or
advance payments
The time of supply for an advance payment or prepayment is the date

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