The government is proposing to remove 24 percent VAT from corona home tests. VAT would be temporarily removed until 2022.
The presentation relates to the measures taken by the government of Prime Minister Sanna Marini (sd) to facilitate the fight against the corona pandemic. The intention is to lower the prices of home tests.
The practical effects of the abolition of VAT will ultimately depend on whether the tax reduction is passed on to prices. The government’s proposal estimates that, on the basis of the information available, it can be assumed that the tax reduction will be partially passed on to prices.
Source iltalehti
Latest Posts in "Finland"
- Finland Clarifies VAT Rules for Safety Phone Rental and Security Call Center Services
- Finland Clarifies VAT Deductions for Tramway Project Planning in New Tax Board Ruling
- Finland to Abolish Intrastat Arrival Reporting for EU Imports Starting 2026
- Intrastat Import Reporting Requirement Abolished in Finland from January 2026, Easing Administrative Burden
- Finland to End Intrastat Arrivals Reporting Requirement from January 2026
