TOL 2025 Is Coming — Here’s What It Means for You

A quiet revolution is underway in how companies in Finland are classified by industry. If your organisation has ever reported activities using a four-digit NACE or TOL 2008 code, there’s a big update on the horizon: TOL 2025 is coming — and it’s reshaping the industrial classification landscape.

The change might sound technical, but it affects data reporting, regulatory filings, and even how businesses are described in official registers. So, what’s really changing and what do companies need to do about it?

From NACE to TOL: What’s Changing and Why?

The NACE classification, the EU’s standard system for categorising economic activities, has been around for decades. But the economy hasn’t stood still. Since its last major update in 2006, we’ve seen digitalisation, globalisation, sustainability, and new business models reshape industries across Europe.

The new NACE Rev. 2.1, introduced via Commission Delegated Regulation (EU) 2023/137, responds to this evolution. And because Finland’s own TOL system is based directly on NACE, these changes are now being embedded into TOL 2025, the new national classification standard.

So, what’s new? Nearly everything. The updated system adds new categories, merges outdated ones, and reorganises how businesses are grouped, right down to the most detailed five-digit national level.

The Good News: Finland Is Easing the Transition

Worried about suddenly needing to update your company’s classification code? Don’t be. Authorities are managing the rollout with care. According to Statistics Finland, TOL 2025 will start being used in unit-level data deliveries in 2026, and full implementation won’t be required until 2028. That gives everyone time to prepare, and for most companies, it won’t require immediate action.

Even better: TOL 2008 and TOL 2025 will run in parallel until 2028. So, there’s no need to manually convert your existing codes. The transition will be handled through double classification, minimising the compliance burden on individual organisations.

How Will Codes Be Assigned?

Rather than relying solely on self-reporting, Statistics Finland plans to proactively assign updated codes using a mix of surveys, text analysis, machine learning, and insights from industry groups. This collaborative and tech-enabled approach aims to reflect the reality of how businesses operate today, especially in fast-evolving sectors like digital services and environmental technologies.

Will Licences or Articles of Association Be Affected?

As of now, there’s no indication that companies will need to update their Articles of Association or reapply for licences. The long transition period allows authorities to adapt any affected licensing frameworks behind the scenes.

Still, it’s worth staying informed. Some regulatory or contractual references may eventually shift from TOL 2008 codes to TOL 2025 equivalents. That’s where correspondence tables (already in progress) will help bridge the gap.

What Should Companies Do Now?

In short: stay alert, but don’t act yet.

The reform is still being implemented, and many details, including translated category descriptions, are expected to be finalised over the coming months. Until then, the best course of action is to:

• Keep an eye on updates from Statistics Finland.
• Be aware of potential changes if your industry is rapidly evolving.
• Prepare to review internal documentation in 2026 or beyond.

The shift to TOL 2025 is more evolution than disruption and the tools to manage it are already being developed.

For more insights into similar transitions in other countries, explore our article: TEÁOR’25: How Hungary New Activity Codes Affect Companies.

Keeping Your Entity Data in Sync

Classification codes might seem small, but they sit at the heart of how businesses are understood by governments, banks, and partners. That’s why being able to track and update those codes across jurisdictions matters.

Klea transforms entity management by offering centralised governance, automated compliance, and secure collaboration tools. For this reason, businesses looking for an efficient, scalable solution can take the following actions:

Request a Demo – See Klea in action for your organization.
Start a Trial – Experience firsthand how automation reduces workload and improves efficiency.
Talk to Our Experts – Get tailored recommendations based on your entity management needs.

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