- The Finnish government has proposed reducing the reduced-rate VAT on certain goods and services to 13.5%, effective January 1, 2025, impacting items such as groceries, restaurant services, pharmaceuticals, and accommodation.
- The applicable VAT rate will be determined by the delivery date of goods or the completion date of services; advance payments received before the VAT change takes effect will be subject to the previous VAT rate.
- Additionally, the new 13.5% VAT rate will apply to public radio and TV broadcasting, which currently has a VAT rate of 10%, with further detailed instructions from the Tax Administration expected on the implementation of these changes.
Source vero.fi
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