What is import?
Import means bringing in goods from a non-EU country. Upon import, goods must be cleared through Customs before they can be taken into use or resold. When goods are imported from within the EU customs territory, but outside the fiscal territory of the EU, value added tax on import is levied in the same way as when goods are imported from outside the EU.
On 1 January 2018, value added tax within importation was transferred from Customs to the Tax Administration in situations where the importer is included in the register of VAT payers. Importers included in the register of VAT payers must provide the Tax Administration with information on import VAT on their own initiative on a VAT declaration. Further information is available on the Tax Administration website under the section on value added taxation on importation.
When importing intangible assets and services they do not have to be declared to Customs upon import, as they are not part of customs activities.
If you import goods to Finland from another Member State of the EU territory it is a case of internal trade and as such, you are not required to lodge a customs declaration or pay customs duties.
Points to consider
The stages of import and customs declaration include
- a security data declaration to Customs
- the arrival of the goods into the country
- lodging a customs declaration to Customs (presentation of goods and releasing the goods to a customs procedure)
- receiving a decision on release and a customs clearance decision
- paying the customs invoice (implementation of taxation).
The most common import customs procedure is the release for free circulation and consumption. Other customs procedures are special procedures, warehousing and transit. The customs procedure, nature of transaction and national procedure form a whole, and the data is disclosed in the form of codes in the customs declaration, in addition to other required information. The right codes ensure that the import taxes are levied correctly.
Detailed instructions:
- Declarations on arriving goods
- How do I lodge a customs declaration?
- For what purpose are goods imported?
When you import goods from another EU country, you have to lodge an Intrastat declaration to Customs on the goods, if the import value exceeds 550 000 euros in one year. Customs uses the Intrastat system for gathering information on trade between Finland and other EU countries.
The company does not have to check if the threshold value is exceeded; Customs notifies the company of the obligation to provide data.
- More information: Intrastat declaration
Customs is responsible for the Finnish statistics on foreign trade and compiles statistics on the value of good in foreign trade as well as on transports of foreign trade and on border traffic. Foreign trade statistics describe the trade in goods between Finland and third countries as well as Union trade between Finland and the other EU Member States.
Customs compiles different country-specific surveys to be used by companies and interest groups. These surveys along with the foreign trade statistics are important tools in economic and political decision making. These and other statistics can be ordered from the Customs Statistics Service. See Contact information
The country-specific surveys on foreign trade present the latest information regarding trade between Finland and other countries by commodity group. The surveys can also be compiled in country categories. The industry surveys present the latest information on Finland's foreign trade by country and country category as regards specific industries.
The re-export survey lists goods, which have been produced outside of Finland and exported from Finland, and indicates their share of the overall export according to commodity group. The cross-border goods trade is described according to the region of Finland to which the company has assigned the Intrastat declaration for export or import or the customs declaration.
- More information: Foreign trade statistics
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