- Proposal from the government to amend the value added tax law
- Purpose is to implement changes in VAT rates based on EU directives
- Proposed changes include harmonizing wording for reduced VAT rates for cultural and entertainment events
- New provisions would apply to both physical events and events streamed online
- Changes also include taxation rules for virtual cultural, sports, and entertainment events
- Amendments to the law regarding profit margin scheme for art objects and application of reduced VAT rates
- Law is set to come into effect on January 1, 2025.
Source: vm.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.
