- Finnish government to raise general value-added tax rate to 25.5%
- The raise will increase tax revenue by around one billion euros a year
- No changes will be made to lower value-added tax rates for products like books and food
- Prime Minister emphasizes the need to reverse national debt trajectory
- Minister of Finance demands raise be implemented before year-end to avoid EU excessive deficit procedure
- Value-added tax rates in Finland currently range from 10% to 14% on various products and services
Source: helsinkitimes.fi
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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