The Finnish Tax Administration published a public decision (KVL:013/2026) interpreting the application of value‑added tax to a specific category of financial services. The ruling outlines that certain transaction fees associated with electronic money services are not subject to VAT when they qualify as intermediary services, provided they meet strict conditions regarding pass‑through of funds and lack of margin. The document cites relevant EU VAT Directive provisions and explains how Finnish law implements them. It also clarifies the boundary between taxable and exempt services, emphasizing that any added value or markup transforms the service into a taxable supply. The decision includes examples of service agreements and demonstrates how tax authorities will assess compliance. Businesses offering electronic payment solutions are advised to review their contracts against the criteria set out in the ruling to determine whether VAT must be collected. The guidance underscores the importance of documentation and audit trails to substantiate the exemption claim.