Accounting

VAT and tax returns

We prepare your VAT returns (ALV-ilmoitus) and your annual business tax return (veroilmoitus) from the bookkeeping and file them with the Finnish Tax Administration (Verohallinto). Returns go in on time and you know how much tax is payable.

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VAT and tax returns

What does the service mean?

Value added tax, VAT (ALV), is a consumption tax that a VAT-registered business adds to its sales prices and pays to the state. A business can usually deduct the VAT included in its purchases. The amount payable is the difference between the two.

VAT is reported and paid to the Finnish Tax Administration (Verohallinto) periodically – monthly, quarterly or annually, depending on turnover. The return is filed electronically and has a strict deadline. Filing late may result in a late-filing penalty and interest.

The tax return (veroilmoitus) here means the company's annual income tax return. A sole trader's (toiminimi) profit is reported on the business tax return and a limited company's (osakeyhtiö, Oy) profit on the corporate tax return. Both are based on the accounts for the financial year.

Who is the service for? For VAT-registered businesses and all business owners who want their tax return prepared carefully from their accounts.

The service includes

What we do

We prepare a VAT calculation from the accounts for every period.
We file the VAT return (ALV-ilmoitus) with the Finnish Tax Administration as agreed and tell you the amount payable.
We take into account the special rules for EU trade, imports and the reverse charge (the buyer accounts for the VAT instead of the seller).
We prepare the annual tax return for your sole trader business or limited company.
We respond to the Finnish Tax Administration's follow-up questions on returns as agreed.

Your part

What we need from you

The period's documents and bank statements in good time before the filing deadline
Information on EU sales, EU purchases and imports
A Suomi.fi authorisation (an electronic permission to act on your company's behalf) so we can file returns
Letters and decisions you have received from the Finnish Tax Administration

How to deliver your material

Questions

Frequently asked

When does a business have to register for VAT?

As a rule, when turnover for the financial year exceeds the small-business threshold set in the Value Added Tax Act (arvonlisäverolaki). You can also register voluntarily. We will go through your situation and the current threshold with you.

What happens if the VAT return is late?

The Finnish Tax Administration may impose a late-filing penalty and charge late-payment interest. That is why it is important that we have your records well before the deadline.

Booking

Would you like to go through your situation?

Book a phone call, a video call or a meeting at our office. We'll go through with you what the service means for your business.

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Ask about: VAT and tax returns

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Email: asiakaspalvelu@e-toimisto.fi
Phone: +358 44 020 2574
Languages of service: Finnish, Estonian, Russian

01 Send your requestTell us briefly about your business and what you need.
02 We get in touchWe go through your situation by phone or email.
03 ProposalYou receive a proposal for the service and its price based on our price list.

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