Mandatory Electronic Invoicing in Finland
Learn how to get your company ready to exchange documents in accordance with regulations in Finland with the support of Comarch
In Finland, starting April 1, 2021, based on the e-invoicing act (241/2019) and the implemented European standard 2014/55/EU, all invoices issued to the government must comply with standards for electronic invoicing.
Invoice formats accepted in Finland are Finvoice 3.0 and TEAPPSXML 3.0. As part of the process of electronic invoice exchange, data on the invoice is validated in relation to the European Standard EN16931.
Although B2B e-invoicing is not mandatory in Finland, it is becoming more and more popular and beneficial for business. In the field of invoicing, B2B companies with an annual turnover of over EUR 10,000 have the right to request e-invoices from their suppliers in accordance with the Finnish e-Invoicing Act 241/2019.
B2G invoicing is mandatory in Finland. Although B2B e-invoicing is not mandatory in Finland, it is becoming more and more popular and beneficial for business.
Finland has no state platform, but businesses can choose a private supplier to generate and send invoices. E-invoicing technology providers maintain and update a public database that exchanges information with every public or private entity that has enabled this option.
Each e-invoice format must be compliant either with the European standard on eInvoicing or national standards: TEAPPSXML 3.0 or Finvoice 3.0.
Platforms used in Finland are eBilling service Handi, Post Network Service or the eInvoice operators' network.
Required storage period is 6 years from end of accounting year.
Any method to ensure integrity and authenticity is allowed, therefore it may be for example Advanced electronic signature (AES).
We have 20+ years of experience in carrying out various EDI, e-invoicing, and other document exchange projects around the world. In those years, we have successfully connected more than 130,000 entities from over 60 countries.
Full compliance with the latest data exchange regulations and modern data transfer standards
Applying new technologies and IT solutions in order to streamline workflows and automate activities and procedures
Tailor-made solutions based on processes specific to each company – own road map and a suitable pace of changes
Highest level of security for all sensitive and important company data
If your company is based or has branches in the CountryName and you need to prepare your billing and tax systems to comply with the new requirements. Click on the button below to get in touch with one of our experts.