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Finland Provides One-Month Tax Return Extension and VAT/Customs Exemption for Imported Medical Devices Due to COVID-19

The Finnish Tax Administration has announced that due to the current exceptional circumstances (as a result of COVID-19), the tax administration is providing companies more time to file their tax returns. The tax return can now be filed within five months from the end of the accounting period, instead of the normal four months. The one-month extension applies for accounting periods ending between December 2019 and February 2020 and will be displayed in MyTax in April. Despite the extensions, however, the Tax Administration wishes that all companies and organizations who can file their tax return by the normal filing deadline would do so.

It is further noted that this decision applies to all corporate entities, such as associations, housing companies, real estate companies, foreign corporations, cooperatives, and investment funds.

The Tax Administration has also announced that, due to the COVID-19 situation, medical devices imported from outside the EU are exempt from customs duties and VAT.

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