- General VAT rate will increase to 25.5% on September 1st
- VAT rate depends on when the service is provided or goods are delivered to the customer
- VAT rate for services provided or goods delivered after September 1st is 25.5%
- VAT rate for prepayments made before the rate increase is 24%
- VAT rate for installment purchases depends on when the goods are delivered to the buyer
- VAT rate for ongoing services at the time of the rate change is determined by the completion date
- Guidelines regarding the VAT rate change will be published in early June
Source: vero.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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