On 1 June 2022, the Finnish Tax Administration communicated that, between 1 March and 30 September 2022, it will not collect late-filing penalties for missing VAT returns from foreign companies that are registered in the EU One Stop Shop (OSS) system and have Finnish customers. The Finnish Tax Administration will not send payment reminders during said period, either – even when a company has not paid its VAT. However, this ‘special arrangement’ does not mean that companies are discharged from paying VAT during this period. The Finnish Tax Administration will eventually collect the unpaid taxes. Also, taxes that are partially or fully unpaid accrue interest in the usual way, i.e. from the day following the due date up to the payment date. The reason for this special arrangement is that some EU Member States have had difficulties implementing the newly launched OSS system. The One Stop Shop is a special VAT scheme that companies can use in their international consumer sales.
3.6.2022
No Late-Filing Penalties for VAT Returns From Foreign Companies in the OSS System From March to September 2022
Mikko Alakare & Noora Ahonen
Related services
The purpose of the OSS is to make it easier for companies to pay VAT in situations where they have customers in multiple EU countries.
Latest news
Latest references
United Bankers – Sale of three care properties
We advised United Bankers on the sale of three care properties to Kinland AS. The buildings were completed between 2021 and 2022 and meet high technical and environmental standards. All three properties are fully leased. The portfolio has a weighted average unexpired lease term of 13 years.
Case published 1.6.2026
Hiab – Financing for USD 1,035 million acquisition of Labrie Environmental Group
We are advising Hiab Corporation in the financing for its USD 1,035 million acquisition of Labrie Environmental Group, a leading North American refuse collection vehicle (“RCV”) manufacturer, from Wynnchurch Capital, L.P. Hiab Corporation (Nasdaq Helsinki: HIAB) is a leading provider of smart and sustainable on-road load handling solutions, with 2025 sales of approximately EUR 1.6 billion and approximately 4,000 employees, operating through a global network spanning over 100 countries. Labrie Group is a leading North American provider of RCVs, employing approximately 1,200 people.
Case published 1.6.2026
Lenders to ICEYE – EUR 300 million revolving credit facility for ICEYE
We advised an international bank syndicate in a EUR 300 million revolving credit facility (RCF) for ICEYE, the world leader in sovereign intelligence from space. The bank-syndicate comprised Nordic and global banks, with Citi and Danske Bank acting as Joint Global Coordinators and Mandated Lead Arrangers. The RCF will support the issuance of guarantees for customer contracts, enable continued business growth, and serve as a liquidity backstop.
Case published 21.5.2026
Terrieri Kiinteistöt, A. Ahlström Kiinteistöt and S-Bank Building Plot non-UCITS Fund – Sale of a production and logistics property
We are advising Terrieri Kiinteistöt Ky and A. Ahlström Kiinteistöt Oy in the sale of a modern production and logistics building complex to Swedish property investment company Catena AB. We are also assisting S-Bank Building Plot non-UCITS Fund which in connection with the transaction, has agreed to sell the land area where the building complex is located to Catena AB. The building complex located in the immediate vicinity of Helsinki-Vantaa Airport was completed in 2021 and comprises approximately 23,260 square metres of leasable area, fully leased to Cramo Finland Oy. The approximately 140,000-square-metre plot offers additional long-term development potential in the form of approximately 45,000 square metres of additional building rights.
Case published 21.5.2026