Import VAT must be filed and paid on your own initiative
An importer that is entered in the Finnish VAT Register should declare and pay import VAT to the Tax Administration on its own initiative. Submit the information in a VAT return in MyTax. Report the VAT payable and VAT deductible in the same VAT return. File the VAT return according to the customs date, that is, for the tax period in which the customs declaration was issued. You can also pay the VAT through MyTax.
Example: Filing import VAT for a tax period
Example: Filing import VAT
Calculate the import VAT on the basis of the customs value. The customs value is indicated in the customs decision confirmed by the Customs.
Report the import VAT and tax basis in the following sections of the VAT return:
- Imports of goods from outside the EU.
- Tax on import of goods from outside the EU.
If the imported goods will be used for a purpose that entitles you to a deduction, i.e. for your taxable business purposes, indicate the input VAT deductible in:
- Tax deductible for the tax period.
Example: Filing import VAT
Read more about filing and paying: Filing and paying self-assessed taxes
How can I correct errors in the VAT return?
If you notice an error in the VAT return, such as an error in the tax basis or amount of import VAT, you must correct it. Correct the error(s) by filing a new VAT return (a replacement VAT return) for the tax period in which incorrect information was reported in. This new VAT return replaces the earlier VAT return. In the replacement VAT return, resubmit all of the VAT information correctly.
A minor error can also be corrected in another way: the correction does not have to be filed for the original tax period, but can be taken into consideration in the VAT return for the next tax period. This method can be used if the amount of VAT reported in excess, or unreported, is no more than EUR 500 per tax period and tax type. However, it is recommended that import VAT and any corrections to it are always filed for the correct tax period, that is, the one for which the incorrect information was reported. When the correction is filed for the right tax period, the information reported by the importer will match the comparison information provided to the Tax Administration by the Customs.
Potential discounts on imported goods. If the discount on goods is known before a customs decision is issued, the discount is taken into consideration in the customs value. If the customs decision has already been issued and both the buyer and vendor agree on the discount later, this will not affect the customs value of the imported goods. No account is taken of the discount in the customs value when the customs decision was made before the discount was known.
Read more about correcting a VAT return: Correcting errors in a self-assessed VAT return