Global

Details

  • Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 6/20/2014

Finland - New reporting requirements for purchasing, supplying construction services 

June 20: New reporting requirements apply beginning 1 July 2014 for any business purchasing or supplying construction services in Finland.

Beginning 1 July 2014, businesses purchasing certain type of construction services in Finland must submit monthly reports of these services to the Finnish tax administration. In addition, certain principal contractors (i.e., the party being the main supplier of construction service) must submit monthly reports of their workers to the Finnish tax administration.


The concept of “construction services” is defined by reference to:


  • Construction work as referred to in the Finnish value added tax (VAT) law
  • Certain types of maintenance and repair work directed to real estate located in Finland
  • The erection and dismantling of scaffolding
  • Renting of labor force for construction purposes

Read a May 2014 report prepared by the KPMG member firm in Finland: New reporting liabilities related to construction services as of 1 July 2014 – challenges on the compliance of foreign businesses expected




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