Finland Ecommerce Regulations |
VAT |
There are three types of VAT, in finnish ALV for short:
22% (general)
17% (groceries and feed)
8% (books, medicine, exercise services, movies, human transportation, accommodations, cultural- and entertainment occasions and permits for television watching etc).
International orders and VAT:
Finnish VAT: |
- applies to consumers within EU
- applies to companies with no VAT no.
- does not apply to companies with a registered VAT no. within EU (customers VAT no. must be stated on invoice)
- does not apply to consumers or companies in countries outside EU
- applies to both consumers and companies within Finland even with registered VAT no. (they deduct in accounting)
Currency |
Currency in Finland is Euro (EUR), abbrivated as “�” at end of price.
Coins:
5 cent
10 cent
20 cent
50 cent
1 �
2 �
Paper:
5 �
10 �
20 �
50 �
100 �
200 �
500 �
Thousand separator: space
Decimal sign: ,
There needs to be support for currency rounding to even out prices. Finland doesn’t use 1 or 2 cent coins so rounding rule are: 1-2 evens up to 0 3-4 evens up to 5. Example: price is 4,56: after rounding total is 4,55. If price is 4,58: after rounding 4,60.
However, if you pay by plastic (credit card or bankcard) the amount is NOT rounded.
Prices |
Price to consumers (B2C) must include VAT in the storefront. VAT must also be specified on the invoice / receipt and in the checkout.
Example:
““Subtotal:”“100,00 � (has 80 � worth of VAT 22% items and rest is VAT 8%)
““Shipping:”” 5,00 � (shipping has VAT 22%)
““Total:”“105,00 �
VAT 22%: 18,70 �
VAT 8%: 1,60 �
Price to companies (B2B) are to be shown excl. VAT. The company must also disclose their business reg. no.
A lot of billing methods use extra surcharges which must be taxable using a tax class.
If there are multiple products with different tax rates, each must be specified. Example:
““Subtotal:”” XXX,xx � (shown with VAT 0%)
““Shipping:”“XX,xx � (shown with VAT 0%)
VAT 22%: XX,xx �
VAT 17%: XX,xx �
VAT 8%: XX,xx �
““Total:”“XXX,xx � (All included)
Since some stores can both be B2B and B2C, a usergroup is needed to show prices differently.
More info about Finnish tax office and VAT in Finland.