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Finland Highlights New Sharing Economy Tax Requirements

by Ulrika Lomas, Tax-News.com, Brussels

28 May 2020


On May 20, 2020, the Finnish tax authority issued a reminder to sharing economy platforms that they must report details of ride sharing and rental activities from 2021.

The new rules state that the reporting obligation applies to passenger transport and property rental services when arranged via an intermediary. In the case of accommodation, the obligation applies when a property is partially or fully rented out.

Platforms are required to report to the tax authority in electronic format on an annual basis.

According to the tax authority, the first reports, relating to 2020 revenues, must be submitted by January 2021.

The tax authority intends to publish more detailed guidance on the requirements in due course.

TAGS: compliance | tax | tax compliance | travel and tourism | tax authority | Finland | services | Tax | BEPS

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