VATupdate

Proposal on Tax Adjustment for 2023

The Finland Tax Agency presented the draft of the proposed adjustment, effective from December 2022 until 30 April 2023.

Possible VAT changes in 2023: 

  • Exempting passenger transport services from the 10% VAT beginning on 1 January 2023 through 31 December 2023 and
  • Decreasing the VAT rate on electricity, excluding transmission, from 24% to 10% from 1 December until 30 April 2023

Source GVC

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