Finland

How are Giftcards treated for tax purposes in Finland (VAT, single-purpose / multi-purpose)? ›

Finland has implemented EU Directive 2016/1065. For single-purpose Giftcards, VAT is due on sale; for multi-purpose Giftcards, VAT is due on redemption.

Which consumer rights apply in Finland regarding expired Giftcards? ›

Under Finnish law, a Giftcard expires after its expiry date. Consumers have no right to a refund, but may request an extension if the period was unreasonably short.

Is there a legal regulation in Finland on the validity period of Giftcards? ›

In Finland, the validity period of Giftcards is not regulated uniformly. Under consumer protection law, providers must grant a reasonable validity period and clearly state the timeframe.

What special rules apply in Finland for the sale, issuance, or redemption of Giftcards? ›

Giftcard sales in Finland are subject to general trade and consumer protection laws. Online Giftcards must meet GDPR data-protection requirements and be traceable electronically.