e-Invoicing in Finland
Characteristics of the electronic invoice in Finland
The electronic invoice is widespread in B2G and B2B environments. Since 2010 all public administrations have preferred to receive electronic invoices even though no legal obligation existed until 2020, as imposed by the European Union’s directive for public contracting. Although there is no obligation for private invoicing it is very commonly used by private companies because of all the advantages it offers users.
Obligation
As part of the European Directive 2014/55/EU public entities must be able to receive electronic invoices. However, it is only mandatory for suppliers when invoicing a public administration for an amount above 10,000 Euros per year.
Format
TEAPPSXML 3.0 and Finvoice 3.0.
Digital Signature
Not mandatory.
Archiving
7 years.
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Related resources
Implementation of e-Invoicing around the world
The technical and legal requirements for e-Invoicing are different in each country. If you want to know the details and tax obligations of any particular country, just click on the map or choose a country from the dropdown list.
Related news about e-invoices in Finland
e-Invoicing in Scandinavia: Sweden, Finland, Norway and Denmark
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