The Finnish Government is proposing amendments to the VAT Act and the Insurance Premium Tax Act to increase the standard VAT rates. The Ministry of Finance aims to raise the STD VAT rate from 24% to 25.5%, starting September 1, 2024. This move is expected to have a significant impact on retail prices and consumer expenditures.
Source 1stopvat
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
Latest Posts in "Finland"
- Finnish Businesses Warn Against Turning Real-Time Tax Reporting into a Continuous Tax Audit
- Finland: VAT Treatment of Storage Unit Leasing as Exempt Real Estate Rental
- Government Proposes Extension of Tax Support for Clean Transition Investments
- VAT Treatment of Intragroup Receivables Purchase and Financing Charges
- VAT Treatment of Ancillary Medication Plan and Staff Competency Approvals in Physician Services
