Fintech & Financial Services: Finland vs France VAT Rules
How VAT obligations differ for fintech & financial services between Finland and France.
| Criterion | Finland | France |
|---|---|---|
| Standard rate applied | 25.5% | 20% |
| Registration threshold | €15,000 annual turnover | €85,800 (goods) / €34,400 (services) |
| Filing frequency | Monthly or quarterly | Monthly or quarterly |
| Invoicing constraints | Standard EU invoice requirements. E-invoicing mandatory for B2G. MyTax portal for online filing. | Invoices must include a sequential number, date, seller/buyer details, VAT number, description, and amounts. E-invoicing mandatory for B2B from 2026. |
| Sector-relevant regimes | Åland Islands have VAT exemption for certain goods · Reverse charge for construction services · Real-time economy initiative pushing e-invoicing | Auto-entrepreneur regime with simplified VAT · Special rules for DOM-TOM territories · E-invoicing mandate rolling out 2026-2027 |
| Penalty exposure | Late payment interest at the base rate + 7%. Penalty surcharge of up to €5,000 for negligent errors. | 10% surcharge for late filing, 40% for deliberate non-compliance, 80% for fraud. |
Typical use cases
Payment Processing
Payment gateway and processing services.
Lending Platforms
Peer-to-peer lending and credit services.
Crypto & Digital Assets
Cryptocurrency exchanges and blockchain services.
Disclaimer : This tool is provided for informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor for decisions regarding your tax situation.Source : EU VAT Directive 2006/112/EC
Check your compliance
Get a personalized Tax Health Score with actionable recommendations.
Get Tax Health Score