What business operations are exempted from VAT

Basically, all kinds of selling of goods and services is subject to VAT if the activity of selling is a conduct of business. However, the Value Added Tax Act contains detailed provisions on the categories of sales that are exempted from VAT.

The exempted categories can include:

• healthcare services and medical services
• (business relating to) social services
• general education and vocational training services, university education, and basic education in the Arts
• financial services, insurance services
• activities that involve fees paid to certain performers
• copyright fees
• selling real estate and offering it for rent
• postal services
• certain other goods and services (such as lottery events)

https://www.vero.fi/en/businesses-and-corporations/taxes-and-charges/vat/rates-of-vat/business-operations-exempt-from-vat/

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