Government proposal: Reduce personal public broadcasting tax, increase VAT rate for public broadcasting activities.

• Government proposal to reduce personal broadcasting tax and increase VAT rate for broadcasting activities
• Based on recommendations from a parliamentary working group evaluating public service tasks and funding of Yleisradio Oy
• Estimated reduction of €25 million in personal broadcasting tax revenue in 2025 and increase of €19 million in VAT revenue annually
• Changes to personal broadcasting tax include raising income threshold and lowering maximum tax amount
• Expected decrease of 90,000 individuals paying broadcasting tax and increase in disposable income for taxpayers
• Change in VAT rate for broadcasting activities from 10% to 14% to reduce Yleisradio Oy’s net funding by €19 million annually
• Proposal submitted on November 7, with personal broadcasting tax change effective from 2025 and VAT rate change from 2026

Source: vm.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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