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

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

Format

TEAPPSXML 3.0 and Finvoice 3.0.

Digital Signature

Digital Signature

Not mandatory.

Archiving

Archiving

7 years.

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