- Finnish parliament approved reducing the VAT rate from 14% to 13.5%, effective January 1, 2026, pending presidential confirmation.
- The new 13.5% VAT rate applies to essential goods and services, including groceries, restaurant services, books, pharmaceuticals, passenger transport, and cultural/sports admissions.
- The change aims to provide financial relief to households and stimulate consumer spending.
- Businesses must update their systems to apply the new rate, and tax authorities will provide transition guidance.
Source: meridianglobalservices.com
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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