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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.

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