At the moment, NOCFO does not have automatic VAT reporting to the tax authorities. However, making a VAT report in OmaVero is a smooth and easy way to handle your company's value-added tax obligations. OmaVero is the electronic service provided by the Finnish Tax Administration, offering various convenient tools and features for managing business taxation. Below is a short guide on how to make a VAT report in OmaVero.
- Lock the VAT period in NOCFO and download the report for the period you want to report.
- Log in to OmaVero: Start by logging in to OmaVero through the website of the Finnish Tax Administration. You will need your personal online banking credentials or mobile certificate for authentication.
- Select VAT report: After logging in, you will see the front page of OmaVero, where you can find various functions. At the bottom of the front page, there is a section called 'Value Added Tax.' Click on 'Submit a value-added tax report' and then select the VAT period you wish to report.
- Fill out the report form: OmaVero will open the VAT report form where you need to fill in the required information. The form contains different sections such as sales, purchases, VAT bases, deductions, and the amount of tax. Follow the instructions and fill in the details carefully.
- Verify the information: Before submitting the report, double-check that all the information is correct and up to date. Ensure that the sales and purchase information align with your accounting, and that the VAT bases and deductions are calculated correctly.
- Submit the report: Once you have confirmed that all the information is accurate, you can submit the VAT report in OmaVero. Click on 'Submit'.