How to invoice in Finland
A compliant Finnish VAT invoice must show both parties' names and addresses, the seller's Business ID (Y-tunnus) and, for VAT-registered sellers, the VAT number, a sequential invoice number, the invoice and delivery dates, the net amount and the VAT rate and amount per rate, and the total. The standard VAT (ALV) rate is 25.5%. For B2B payments an IBAN, BIC and a reference number (viitenumero) are standard so the bank transfer reconciles automatically.
| Finland at a glance | Detail |
|---|---|
| Currency | EUR (€) |
| Standard VAT | 25.5% |
| Tax ID | Y-tunnus (Business ID) |
| Paper size | A4 |
| Typical terms | Net 15 |
| E-invoicing | Public sector only |
Tax ID format: Business ID (Y-tunnus) is seven digits, a hyphen and a check digit, e.g. 1234567-8. The VAT number (ALV-numero) prefixes the country code and drops the hyphen, e.g. FI12345678..
What Finnish invoices must include
- The word “Invoice” and a unique, sequential invoice number
- The issue date (and the supply date if it differs)
- Your business name, address and Y-tunnus (Business ID)
- The client's name and address (and their Y-tunnus (Business ID) for reverse-charge or intra-EU supplies)
- A clear description and quantity for each line
- The net amount per VAT rate, the rate(s) applied and the VAT amount
- The total payable, in EUR
- Payment terms, the due date and how to pay (bank name, IBAN/account)
- Reference number (viitenumero)
- Bank details (IBAN + BIC)
- Sequential invoice number
VAT & reverse charge
For cross-border work, the right wording matters. Invoice Forever offers ready-made Finnish VAT notes such as:
- VAT charged at the Finnish standard rate of 25.5% unless a reduced or zero rate applies.
- Intra-Community supply - exempt from VAT under Article 138 of Directive 2006/112/EC; the customer accounts for VAT via the reverse-charge mechanism. Both parties' VAT numbers must be shown.
- Reverse charge - VAT to be accounted for by the recipient (kaannetty verovelvollisuus) under Article 194/196 of Directive 2006/112/EC.
E-invoicing in Finland
B2G e-invoicing is mandatory under Act 241/2019 (implementing EU Directive 2014/55/EU): public bodies must receive and process EN 16931-compliant structured invoices (Finvoice 3.0, TEAPPSXML 3.0 or Peppol BIS Billing 3.0), central-government receiving having applied since 2019. Any business with annual turnover above €10,000 has the legal right to demand structured e-invoices from its suppliers, but there is no general B2B issuing mandate as of July 2026; voluntary adoption is nonetheless widespread. EU-wide mandatory e-invoicing for cross-border intra-Community B2B supplies is due under ViDA from 1 July 2030.
Invoice Forever can export a structured EN 16931 / Peppol BIS (UBL) e-invoice alongside the PDF (beta) — the format most of these mandates are built on. You still send it via your own access point, and some countries require their own national format.
Verified 23 July 2026 against the source. E-invoicing rules are changing quickly, so always confirm the current position with the Finnish Tax Administration (Verohallinto / Vero) before you rely on it. This page is general guidance, not tax advice.
Payment terms in Finland
A 14-day net term is the common Finnish norm. The EU Late Payment Directive caps B2B terms at 60 days (30 days by default unless expressly agreed), and statutory late-payment interest plus a recovery fee apply after the due date. Payment is usually by bank transfer to an IBAN quoting the invoice reference number.
Questions about invoicing in Finland
The standard VAT (ALV) rate is 25.5%, raised from 24% on 1 September 2024. Reduced rates apply to items such as food, books, medicine and passenger transport, and some supplies are zero-rated.
Yes. A Finnish business invoice must show the seller's Business ID (Y-tunnus, e.g. 1234567-8). If you are VAT-registered you also show the VAT number (e.g. FI12345678), and both parties' VAT numbers are required on intra-Community supplies.
Not generally. E-invoicing to the public sector (B2G) is mandatory under Act 241/2019, and any business with turnover above €10,000 can require structured EN 16931 e-invoices from suppliers, but there is no general B2B issuing mandate as of July 2026.
Make an invoice for Finland, free.
EUR and 25.5% VAT already set, on A4 paper. No signup, no watermark.
Make an invoice for Finland