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Commentary

Zero-rated supplies (exempt with credit)

13 Finland
13 Finland | Commentary

Zero-rated supplies (exempt with credit)

13 Finland | Commentary

Zero-rated supplies (exempt with credit)

Finland applies the zero rate of VAT to a specific list of goods and services (see Appendix 13C).

As these goods and services are liable to VAT, albeit at the zero rate, they are treated as taxable supplies even though VAT is not charged at the point of delivery.

It follows, therefore, that VAT incurred on expenditure associated with making these supplies, including overhead costs, is recoverable (apart from those items that are specifically blocked – see 13.33).

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