25,5% is the standard VAT rate in Finland and applies to most goods and services. This VAT class is used when purchasing or selling products or services that include 25,5% VAT.

• Used for both purchase and sales entries.
• This VAT rate directs the information to the following sections of the VAT statement:
  • Purchases: “Deductible tax”.
  • Sales: “Tax for domestic sales” –  “25,5% tax”

Used when purchasing or selling, for example, food products, restaurant or catering services (excluding alcohol), books, medicines, sports services, movie screenings, admission tickets, taxi rides, or accommodation.

• Used for both purchase and sales entries.
• This VAT rate directs the information to the following sections of the VAT statement:
  • Purchases: “Deductible tax”.
  • Sales: “Tax for domestic sales” –  “13,5% tax”

Used for the purchase or sale of newspapers, magazines, or broadcasting services.

• Used for both purchase and sales entries.
• This VAT rate directs the information to the following sections of the VAT statement:
  • Purchases: “Deductible tax”.
  • Sales: “Tax for domestic sales” –  “10% tax”

Used when purchases do not include deductible VAT. This includes, for example, entertainment expenses and employee gifts.

• Used only for purchase entries.
• With this VAT class, the information is not transferred to the VAT statement.

Used when purchasing services from another EU country. This VAT rate should be selected, for example, when buying Google or Facebook advertising.

• Used only for purchase entries.
• This VAT class directs the information to the following sections of the VAT statement:
  • “Tax for services from other EU-countries”
  • “Deductible tax”
  • “Service purchases from other EU-countries”

Used when purchasing goods from another EU country (intra-Community acquisitions), for example decorative items for resale from Italy.

• Used only for purchase entries.
• This VAT class directs the information to the following sections of the VAT statement:
  • “Tax for goods from other EU-countries”
  • “Deductible tax”
  • “Goods purchases from other EU-countries”

Used when importing goods from outside the EU, for example hair dye for a hair salon from China.

• Used only for purchase entries.
• This VAT class directs the information to the following sections of the VAT statement:
  • “Tax for goods imported outside of EU”
  • “Deductible tax”
  • “Goods imported outside of EU”

Used when selling a product or service subject to a 0% VAT rate that must be reported to the tax authority on the VAT statement. This applies, for example, when selling goods or services outside the EU.

• Used only for sales entries.
• This VAT class directs the information to the following sections of the VAT statement:
  • “0% VAT turnover”

Used when selling a service to another EU country, where the buyer accounts for and pays the VAT under the reverse charge mechanism in the country where the service is supplied, such as selling translation services to Germany.

• Used only for sales entries.
• This VAT class directs the information to the following sections of the VAT statement:
  • “Service sales to other EU-countries”
• The VAT rate automatically adds the required invoice note regarding the use of reverse charge VAT.
• When this VAT class is used on a sales invoice, the information is also included in the recapitulative statement (in SimplBooks called the “Report on intra-Community supply”) under “Services”. The EU sales report can be found in the VAT statement.
• To ensure the sale appears correctly in the VAT statement, the customer’s VAT number must be saved in the customer details.
• This VAT class does not transfer information to the recapitulative statement from accounting transaction, as the recapitulative statement also requires the customer’s name and VAT number.

Used when selling goods to another EU country to a VAT-liable buyer (intra-Community supply). For example, selling measuring tapes to a Spanish company.

• Used only for sales entries.
• This VAT class directs the information to the following sections of the VAT statement:
  • “Goods sales to other EU-countries”
• The VAT rate automatically adds the required invoice note regarding the use of reverse charge VAT.
• When this VAT class is used on a sales invoice, the information is also included in the recapitulative statement (in SimplBooks called the “Report on intra-Community supply”) under “Goods”. The EU sales report can be found in the VAT statement.
• To ensure the sale appears correctly in the VAT statement, the customer’s VAT number must be saved in the customer details.
• This VAT class does not transfer information to the recapitulative statement from accounting transaction, as the recapitulative statement also requires the customer’s name and VAT number.

Used when purchasing construction services or scrap metal subject to reverse charge VAT (Section 8 c of the Finnish VAT Act).

• Used only for purchases entries.
• This VAT class directs the information to the following sections of the VAT statement:
  • “Tax for construction services (Reverse charge)”
  • “Deductible tax”
  • “Construction services and scrap metal (Reverse charge)”

Used when selling construction services or scrap metal subject to reverse charge VAT (Section 8 c of the Finnish VAT Act).

• Used only for sales entries.
• This VAT class directs the information to the following sections of the VAT statement:
  • “Construction services and scrap metal sales (Reverse charge)”
• The VAT rate automatically adds the required invoice note regarding the use of reverse charge VAT.

Used for recording sales when your company is not registered for VAT.

• Used only for sales entries.
• With this VAT class, the information is not transferred to the VAT statement.

Used when selling used goods, such as cars or books, to which the VAT margin scheme applies.

• Used only for sales entries.
• With this VAT class, no information is transferred to the VAT statement, but the sales invoice will include the note “Margin scheme – VAT Act 79 a §”.
• If payable margin VAT arises, you must calculate the tax amount and make the necessary netting entries manually.
• The VAT portion of sales of goods under the margin scheme is shown on the VAT return under “Tax on domestic sales”.

Used when your company is the intermediary in a triangular transaction, i.e. the first buyer and second seller. For example, an Austrian company sells an excavator to you, which you then resell to a Polish company, and the Austrian company delivers the excavator directly to Poland.

• Used only on sales invoices when you are the first buyer and second seller in a triangular transaction.
• The VAT reporting for triangular trade is shown differently depending on whether you are the first seller (A), the first buyer and second seller (B), or the second buyer (C).
  • First seller (A)
    • Käyttää myyntilaskulla SimplBooksin alv-kantaa “0% EU-tavaramyynnit” jolloin alv-kanta ohjaa tiedon näkyviin alv-laskelman seuraavaan kohtaan: Uses SimplBooks VAT class “0% Goods EU sales” on the sales invoice. This VAT rate directs the information to the following section of the VAT return:
      • “Goods sales to other EU-countries“.
    • When this VAT class is used on a sales invoice, the information is also included in the recapitulative statement (in SimplBooks called the “Report on intra-Community supply”) under “Goods”.
    • This VAT class does not transfer information to the recapitulative statement from accounting transaction, as the recapitulative statement also requires the customer’s name and VAT number.
  • First buyer and second seller (B)
    • Ei ilmoita ostoa A:lta eikä myyntiä C:lle arvonlisäveroilmoituksella, vaan ilmoittaa pelkästään myynnin arvon yhteenvetoilmoituksella kohdassa “Kolmikantakauppa“. Does not report the purchase from A or the sale to C in the VAT statement, but only reports the value of the sale in the recapitulative statement under “Triangular transactions”.
    • On the sales invoice, the VAT rate “0% triangular transactions” is selected, which directs the information to the correct section of the VAT recapitulative statement.
    • This VAT class does not transfer information to the recapitulative statement from accounting transaction, as the recapitulative statement also requires the customer’s name and VAT number.
  • Second buyer (C) uses the SimplBooks VAT class “0% EU purchased goods” for purchases, which directs the information to the following sections of the VAT statement:
    • “Goods purchases from other EU-countries“
    • “Tax of goods from other EU-countries“
    • “Deductible tax“, jif the purchase is used for deductible purposes.

This VAT class does not affect the VAT statement.

Used when purchasing services from outside the EU, for example a design service from Gambia, where reverse charge VAT applies to the purchase.

• Used only for purchase entries.
• This VAT class directs the information to the following sections of the VAT statement:
  • “Tax for domestic sales” – “25,5% tax”
  • “Deductible tax” (if the tax is deductible)