- Finnish Parliament adopted government proposal to increase VAT rate to 25.5%
- Insurance premium tax also set to increase from 24% to 25.5%
- New VAT rate expected to be effective on September 1, 2024
- Proper tax calculations and reporting crucial for businesses
- Tax Administration providing practical instructions for charging correct rate
- Import tax leviers should be aware of impact on tax calculations and reporting duties
Source: 1stopvat.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.
