- Finland will reduce its reduced VAT rate from 14% to 13.5% starting January 1, 2026.
- The new rate applies to all goods and services currently taxed at 14%, including food, restaurants, books, medicines, transport, accommodation, and more.
- Businesses may face challenges updating invoicing and ERP systems, especially for advance payments and year-end transactions.
- Public broadcasting services (YLE) will also be subject to the new 13.5% VAT rate.
Source: svalneratlas.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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