A Finnish business deals with the Finnish Tax Administration, known as Vero, for its taxes. Common items are the prepayment register known as ennakkoperintarekisteri, value added tax known as ALV at a standard rate of 25.5 percent, corporate income tax at a flat 20 percent on profits, and accounting records under the Finnish Accounting Act. A clean business account makes reporting and anti money laundering checks easier. As of 4 March 2026.
- Tax registers
- The prepayment register and VAT register with the Finnish Tax Administration
- Corporate tax
- Flat 20 percent on company profits, as of 4 March 2026
- VAT, known as ALV
- Standard 25.5 percent, with reduced rates on certain goods and services, as of 4 March 2026
- Records
- Double entry bookkeeping under the Finnish Accounting Act, plus annual financial statements
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
How tax and compliance affect a Finnish business account
A business account in Finland sits alongside several tax and compliance duties. The Finnish Tax Administration, known as Vero, handles the prepayment register, value added tax and corporate tax, while the Finnish Accounting Act sets how records are kept. Banks and electronic money providers apply anti money laundering checks both at opening and over the life of the account, which is why they ask for beneficial owner details and evidence of the business activity. A clean separation between business and personal money makes reporting and these checks far simpler. As of 4 March 2026.
Registers and corporate tax
The prepayment register shows that a business looks after its own taxes, so payers do not withhold tax on what they pay it, and many clients check the register before working with a business. Registration can take up to three weeks. Company profits are subject to corporate income tax, which is a flat 20 percent as of 4 March 2026, and the government has announced a reduction to 18 percent from 2027. Rates and timing change, so confirm the current figure with the Finnish Tax Administration or a qualified adviser.
Value added tax, known as ALV
Value added tax in Finland is known as ALV, or arvonlisavero. As of 4 March 2026, the standard rate is 25.5 percent, with reduced rates on certain goods and services. A business that is liable registers for VAT with the Finnish Tax Administration and reports on the schedule that applies to it. Confirm your registration position, the current rates and any small business threshold with the Finnish Tax Administration or a qualified adviser.
Records and anti money laundering
A Finnish company keeps double entry accounting records under the Finnish Accounting Act, known as kirjanpitolaki, prepares annual financial statements, and reports VAT and employer contributions where they apply. Providers also run ongoing anti money laundering monitoring, so keep documentation on the source of funds and larger transactions. As of 4 March 2026.
Tax and compliance checklist
Keep these items in view for a Finnish business account, as of 4 March 2026. Verify with the Finnish Tax Administration or a qualified adviser
- The prepayment register and registration for VAT where the business is liable.
- Corporate income tax at a flat 20 percent on profits and the VAT rates that apply to your goods and services.
- Double entry records under the Finnish Accounting Act, annual financial statements, and documentation for anti money laundering checks.
How to stay compliant
- Register the business with the Finnish Tax Administration, including the prepayment register and VAT where it applies.
- Keep the business account separate from personal money and maintain double entry records under the Finnish Accounting Act.
- Confirm current rates, deadlines and your specific position with the Finnish Tax Administration or a qualified adviser.
Compare business accounts available in Finland
These providers accept business customers in Finland. Fees and eligibility shown as of 4 March 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about business banking in Finland
What is the prepayment register and do I need it in Finland?
What is the corporate tax rate in Finland?
What is the VAT rate in Finland?
What records does a Finnish company have to keep?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 4 March 2026. Confirm current terms with the provider before applying.