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Finnish SMEs Call for Delay in VAT Rate Increase Implementation Until October 2024

  • Suomen Yrittäjät, the Finnish SME association, is calling for a delay in the higher VAT rate implementation
  • The Government proposed a VAT rate increase from 24% to 25.5% on 1 September 2024
  • Suomen Yrittäjät says the new rate is challenging for small businesses and calls for a delay until at least 1 October
  • The change in VAT creates administrative costs for companies and requires updates to their systems
  • Smaller businesses will face a tax increase from the start of 2025
  • Suomen Yrittäjät is concerned about the impact of the VAT increase on SMEs and calls for compensation for the scrapped VAT relief scheme.


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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