- The Finnish Tax Administration updated its VAT guidance for billing service companies and workers effective Jan. 1.
- The reduced VAT rate for certain supplies (foodstuffs, restaurant/catering services, passenger transport, specified sports/physical activity services) decreased from 14% to 13.5%.
- Examples and explanations on invoicing, VAT calculation, and applicable tax rates were revised to reflect the new rate.
- The underlying VAT principles remain unchanged.
- The new guidance replaces the previous version and is valid from Jan. 1.
Source: news.bloombergtax.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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