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.

Source: yrittajat.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.

---

---