VAT

What is VAT?

VAT (value added tax) is a tax that is added for all sales of goods and services that must be declared to Verohallinto.

VAT rates

We have different tax rates depending on the type of product or service you are selling. The different VAT rate is registered when you register an article. All input and output VAT is compiled and reported to the Verohallinnolle.

VAT report

Your company's turnover is what determines how often you must report VAT. Visit the Verohallinnon's website to learn more about the different VAT periods.

Under Accounting - VAT report, a list is shown with those VAT reports created previously. When you click on a line in the list, it opens and you can see how the VAT report was posted to the ledger.

The next steps are taken when you work with a VAT report: