Commentary

VAT bad debt relief

13 Finland
13 Finland | Commentary

VAT bad debt relief

13 Finland | Commentary

VAT bad debt relief

It is possible for both resident and non-resident suppliers to obtain VAT bad debt relief in Finland. It is not necessary for the customer to be insolvent before a claim can be made. The tax authorities expect the business to have written off the debt according to good accounting practices before making a claim for relief.

Businesses that account for VAT on an invoice basis rather than cash basis may find that they are required to account for the VAT on their invoices before receiving payment from their customers.

If the invoices remain unpaid, the businesses may reclaim

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial