Ministry of Finance Proposes VAT Reduction on Food and Services, Seeks Feedback by August 15

• Proposal to reduce VAT from 14 percent to 13.5 percent
• Affects food, restaurant and catering services, feed materials, passenger transport, accommodation and marina services, medicines, culture and sports activities
• Public broadcasting VAT to change from 10 percent to 13.5 percent
• Ministry of Finance requests feedback by August 15
• Changes intended to take effect at the beginning of next year
• Proposal is part of the government’s mid-term policy and next year’s budget proposal

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.

---

---