Finnish Tax Administration Updates VAT Guidance for Books, Newspapers, and Magazines

• Finnish Tax Administration issued Guidance No. VH/2161/00.01.00/2022
• Updated information on VAT for books, newspapers, magazines
• Increased 14 percent VAT rate for books from Jan. 1
• 25.5 percent general VAT rate for paid podcast subscriptions
• Right to deduct VAT for business purchases
• VAT liability for goods used for personal use
• Rules for international transactions
• Replaces previous guidance from 2019 and 2015

Source: news.bloombergtax.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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