Finland 2017 Budget Measures Approved by Parliament

The Finnish parliament has reportedly approved the country's budget measures for 2017. Some of the measures include:

• The mandatory requirement to file tax returns electronically (including value added tax (VAT) returns);
• An increase in the thresholds for quarterly and annual VAT return filing from annual revenue of EUR 50,000 and EUR 25,000 to annual revenue of EUR 100,000 and EUR 30,000 respectively (standard default VAT return period remains monthly);
• The introduction of a cash basis accou…