Finland Proposes Lowering Reduced VAT Rate to 13.5% for Key Goods and Services in 2025

• Finnish government proposes lowering the reduced VAT rate from 14% to 13.5%, effective January 1, 2025.
• The reduced VAT applies to groceries, restaurant/catering, animal feed, sports/cultural services, books, pharmaceuticals, passenger transport, and accommodation.
• VAT rate is determined by the delivery or service completion date.
• Advance payments are taxed at the rate in effect when the payment is received.
• The new 13.5% VAT rate will also apply to public radio and TV broadcasting, up from the current 10%.

Source: vero.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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