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The benefits of an E-receipt for use by businesses by 2025

The goal of the furtherance of the project of real-time economy is to make 20% of business-to-business receipts structured by the end of 2023. The goal is that by 2025, as much as 80% of business-to-business receipts would be in a structured form. The goal is to achieve significant cost savings for businesses. The E-receipt,..
The benefits of an E-receipt for use by businesses by 2025

Where can you apply for the closure compensation?

Companies can apply for closure compensation at the State Treasury. You can order a printable application in PDF format from paperihakemus.sulkemiskorvaus(at)valtiokonttori.fi. The application form arrives as a return message.

Who can apply for the closure compensation?

The closure compensation is for companies with maximum 49 employees and with premises forced to close due to an Act or an official order. Companies eligible for the compensation are restaurants and other food and beverage service businesses, gyms, sports facilities and indoor playgrounds.

What expences are covered in the closure compensation?

The closure compensation covers inflexible expenses and losses. Inflexible expenses include rental costs, membership payments, concession and insurance fees, device and equipment rentals, access right and licence fees and necessary hired labour costs.

Increases to the maximum amounts of ASP loans

Increases to the maximum amounts of ASP interest subsidy loans enter into force on 15 April 2021. The increases apply to loans that are taken on that day or after. A new municipal category will be set up for Tampere and Turku. The reform is a result of the increase in housing prices in large..
Increases to the maximum amounts of ASP loans

How are a self-employed person’s YEL earnings reimbursed?

For private traders and general partners of a partnership, the earned income reported to self-employed persons’ pension insurance would be accepted as payroll costs. The contributions to the self-employed persons’ pension insurance and to health insurance would also be accepted as payroll costs based on the company’s declaration.

Validation of e-invoices compliant with the European Standard has started

E-invoicing operators have started validating e-invoices that are compliant with the European Standard. From April 2021 onwards, the State accepts only e-invoices that are compliant with the European Standard. The objective of the change is to direct invoicing by companies and public administration into electronic form. If the invoice does not meet the validation rules,..
Validation of e-invoices compliant with the European Standard has started

The State Treasury’s proposal for the final central government accounts for 2020 has been completed

The State Treasury’s proposal for the final central government accounts for 2020 has been signed and submitted to the Ministry of Finance. The final central government accounts are drawn up based on the central government’s on-budget finances. The State Treasury’s proposal for the final central government accounts includes the central government’s income and expense account,..
The State Treasury’s proposal for the final central government accounts for 2020 has been completed

A visual representation of the final central government accounts 2020

Every year by the end of February, government agencies and departments draw up the final central government accounts, which include the annual report, budget realisation statement, income and expense account, balance sheet and notes. The State Treasury compiles the account details of agencies and departments in the central government’s Central Bookkeeping and draws up the..
A visual representation of the final central government accounts 2020

The December 2020 Bulletin for Central Government Finances has been published

What are the trends in central government finances? How much does the state have in debt and liquid assets? The monthly bulletin for central government finances also reports on the realisation of the budget. Dive into the world of economic figures and find out more about the trends in central government finances by reading the..
The December 2020 Bulletin for Central Government Finances has been published

State Treasury Finland publishes Annual Review on central government debt management: Special focus on governance in the year full of surprises

In the year characterised by the outbreak of the COVID-19 pandemic, the Finnish economy proved resilient and emerged relatively well. General government debt in relation to GDP remains moderate at 69 %. The Debt Management Annual Review summarises the funding and liquidity management operations of Finland’s central government and provides an outlook on the Finnish..
State Treasury Finland publishes Annual Review on central government debt management: Special focus on governance in the year full of surprises