What is Finland's Finvoice e-invoice standard?
Effective: 2003-01-01 · Authority: Finanssiala (Finance Finland)
Finvoice is Finland's national XML e-invoice standard developed and maintained by Finance Finland (Finanssiala). It is used for both B2B and B2G invoicing and is transmitted via Finnish banks' payment networks. Finvoice 3.0 is the current version and is widely used across Finnish businesses through bank-connected accounting software.
How is Finvoice transmitted via Finnish banks?
Finvoice is transmitted through Finnish banks as an operator network. Businesses enroll their e-invoice address (bank routing identifier) with their bank. The sending bank routes the Finvoice XML to the receiving bank, which delivers it to the recipient's accounting system. This bank-mediated network predates Peppol in Finland.
Frequently Asked Questions
- Is Finvoice mandatory in Finland?
- Finland mandated e-invoice reception for central government from April 2019 using Peppol. Finvoice is the dominant standard for private sector B2B and B2G but is not mandated by law. Large Finnish buyers (retailers, corporations) typically require suppliers to use Finvoice.
- How does Finvoice relate to Peppol in Finland?
- Finland's government e-invoicing uses Peppol BIS Billing 3.0. Finvoice operates in parallel via banking networks for private sector B2B. Operators can convert between Finvoice and Peppol formats for interoperability. Hansel (state procurement company) administers the Peppol mandate.
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