Effects of the new 25.5% VAT in Finland on Bezala
Finnish general value-added tax rate increases from 24% to 25.5% starting from September 1st. This release compiles its effects on Bezala.
New VAT Percentage 25.5%
The new VAT percentage of 25.5% will be visible to all Finnish companies on Monday, August 19th.
Please pay special attention to ensure that the new 25.5% VAT percentage is not selected on receipts when adding or approving receipts for purchases made before September 1st.
Deactivation of the Old VAT Percentage
The expiring VAT percentage of 24% can still be selected for new receipts until the end of 2024. The 24% VAT will be removed from visibility on the first working day of next year, January 2, 2025. Ensure that all users add receipts for purchases made before September 1, 2024, to Bezala and approve them before January 2, 2025.
Receipts containing 24% VAT can also be approved after January 2, 2025, but approvers will no longer be able to correct any incorrectly marked VAT percentages to 24% after the VAT percentage is removed.
The 24% VAT information will remain on all receipts where it is marked.
Impact on Integrations and Required Actions from Customers
We will ensure and test the functionality of each API-based integration for the new 25.5% VAT percentage and make any necessary changes by September 1, 2024. We have compiled a detailed report for each integration to determine if any actions are required from our customers.
If your integration requires actions from you, please send the requested information to us by August 19, 2024. Information sent after this date may not be updated in Bezala before the beginning of September.
Netvisor
No actions required from customers.
Procountor
No actions required from customers.
NetSuite
VAT Percentage
In order to new VAT percentage to work, the Bezala-NetSuite integration needs to be updated.
For those companies whose NetSuite is managed by Greenstep, this will be done automatically. For those companies whose NetSuite is managed by someone else, we will send instructions by the end of July. The instructions are sent to the email mentioned at "Support person" field on Company page. Please make sure the field contains correct email address.
VAT Code
If your organization uses VAT codes referring to VAT percentages, send the following information to our customer support at support@bezala.com:
- VAT Code UI-name (text that is shown in Bezala)
- VAT Code Identifier (Tax code internal ID, the value that is sent to NetSuite)
Once the VAT code and the new VAT percentage are added to Bezala (the latter by us on August 19), you can map the VAT%-VAT code for purchase types also for the 25.5% VAT.
Emce
VAT Percentage
No actions required for the VAT percentage.
VAT Code
Organizations using Emce often have company-specific VAT codes based on VAT percentages. Send the information on which code to add for the 25.5% VAT to our customer support at support@bezala.com by August 19.
Once the VAT code and the new VAT percentage are added to Bezala (the latter by us on August 19), you can map the VAT%-VAT code for purchase types also for the 25.5% VAT.
Workday
We need information on the VAT code to send the 25.5% VAT to Workday. The 24% VAT is sent to Workday integration with the VAT code "FIN_Standard". Send the information to our customer support at support@bezala.com.
Finvoice
No actions required from customers.
CSV/XML Files
If the accounting data is delivered to you or directly to the accounting software in table format (CSV or XML), the VAT change may require actions. Check the latest data to determine if the change requires actions from you.
VAT Percentage
If there is a column for the VAT percentage (0, 10, 14, 24), the default value for the 25.5% VAT will be "25.5". A comma can also be set as the decimal separator if desired. If the comma setting is not active already and you want to change the separator to a comma, you can request this from our customer support at support@bezala.com. If you want to set a custom value for the 25.5% VAT in the column, you can also request this from our customer support.
VAT Codes
If you have customized VAT codes for the accounting CSV/XML data, contact our customer support by August 19 to provide the VAT code for the 25.5% VAT, and we will update the new customized VAT codes for you by September 1.
Severa
No actions required from customers.
Digia ERP
No actions required from customers.
Customized Integrations Using Bezala's API
The 25.5% VAT is marked in the API as follows: "tax_percentage": "0.255".
Ensure that the integration reads the VAT percentage of 25.5% in the above manner.
Other Impacts
Default VAT% for Expense Types: All expense types with a default VAT percentage of 24 will be automatically changed to 25.5% by Bezala. This means that receipts allocated to these expense types will be set to 25.5% VAT regardless of the receipt date. The change will be made in early September.
Email Filters: All email filters with a VAT percentage of 24 will be automatically changed to the new 25.5% VAT by Bezala. After the change, the filter will set the VAT percentage to 25.5% for all new receipts matching the filter rules regardless of the receipt date. The change will be made in early September.
OCR/Receipt Scanner: Bezala's receipt scanner will recognize VAT, whether it is 25.5%, 24% (until January 1, 2025), or another percentage.
VAT%-VAT Code Mapping: If your company uses VAT%-VAT code mapping, the mapping must be done for each purchase type also for the new 25.5% VAT. The new VAT percentage will be added to Bezala on Monday, August 19, so you can start mapping on Tuesday, August 20.
Bezala Billing
In the invoices arriving at the beginning of September for August usage, the VAT percentage will be 24%. In the invoices arriving at the beginning of October for September usage, the percentage will be 25.5%.
Questions?
If you have any questions that this summary does not answer, please contact our customer support at support@bezala.com.