- Statistics Finland warns that the government’s VAT hike will hit low-income earners the hardest
- The increase in the general value added tax rate will widen the gap between high and low income levels
- Lower-income earners will spend 0.71 percentage points more of their income on VAT due to the hike
- Higher-income earners will only experience a 0.41 percentage point increase in VAT spending
Source: yle.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.
Latest Posts in "Finland"
- VAT in Finland – A comprehensive up to date guide
- Finland Alters VAT Refund Process: Automatic Refunds, No Credit Forwarding from August 2025
- Software Developers: Participate in Research to Influence the Future of Regulatory Reporting in Finland
- Public Consultation on Expanding Electronic Notifications in Finnish Tax Administration’s OmaVero Service
- Finland to Reduce Reduced VAT Rate to 13.5% in 2026 to Ease Inflation
