Finland Implements Higher VAT and Insurance Premium Tax Rates Starting September 1

• Finnish President signed Law Nos. HE 61/2024 vp and EV 61/2024 vp
• General VAT rate increased from 24% to 25.5%
• Tax on Specific Insurance Premiums increased from 24% to 25.5%
• New rates apply to tax obligations starting on or after September 1
• Intra-community acquisitions of goods allocated to calendar months following implementation
• Laws will take effect on September 1

Source: globalvatcompliance.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.

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