- Finnish government proposes reducing VAT on food and essentials by half a percentage point for 2025 budget
- Reduced VAT rate would decrease from 14 percent to 13.5 percent
- Proposal open for public consultation until 15 August
- Change affects groceries, pharmaceuticals, books, fitness services, and tickets to cultural and sporting events
- VAT on public broadcasting services would increase from 10 percent to 13.5 percent
- New rates would start at the beginning of next year if approved
- Supermarket chains plan to pass savings to customers
- Government expects limited effect on disposable incomes
- Follows last year’s increase in standard VAT rate from 24 percent to 25.5 percent
Source: helsinkitimes.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.
