Budget 2024: Increase of the VAT rate for newspapers and magazines, reduction VAT rate on incontinence, sanitary pads, children’s nappies

• Changes that increase tax revenues and are due to take effect later in the spending limits period include assigning commodities (excluding newspapers and magazines) currently subject to a 10 per cent reduced VAT rate to a 14 per cent tax rate as of the beginning of 2025, and increasing taxes on tobacco and soft drinks.
• Changes that reduce tax revenues later in the spending limits period include reducing the basic motor vehicle tax and switching to a 14 per cent VAT rate for incontinence and sanitary pads, and children’s nappies.

Source vm.fi

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