Proposed Changes to Finnish VAT rates

• Finnish Ministry of Finance proposes changes to VAT and insurance premium tax rates
• Standard VAT rate to increase from 24% to 25.5%
• Insurance premium tax rate to rise from 24% to 25.5% for insurance periods starting on or after 1 September 2024
• Reduced VAT rate to increase from 10% to 14%, except for newspapers and periodicals
• VAT on female sanitary products and diapers to decrease from 24% to 14%
• Tax on candies and chocolate to increase from 14% to 25.5%
• Detailed analysis provided by Henna Jovio and Anna-Riikka Nummi from Borenius, Taxand Finland

Source: taxand.com

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.

---

---