FinlandAccounting and Audit
IMPORTS
The sale of goods or merchandise by a foreign individual or corporation to a Finnish resident or domiciled buyer does not, as such, create a tax liability for the seller. Taxes related to imports, such as customs duties and value-added tax, are dealt with by the importer, who is generally the customer or the customer's representative. Because Finland is part of the European Union there is no customs procedures in trade between EU countries. Value added tax is not paid anymore along the customs procedures. For information about appointing a representative for value-added tax purposes, see Section F.8, page 58.
BRANCHES IN FINLAND
The tax levied on branches of foreign companies in Finland is the same as that imposed on limited liability companies, except that branches of foreign corporations are taxed on net worth invested in Finland at a rate of 1% a year. Most of Finland's tax treaties, however, exempt foreign branches from this tax. Branch remittances of profits are
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