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Finland Implements VAT and IPT Rate Increase Effective September 1, 2024

  • Finland is increasing its VAT and IPT rates
  • Government frequently evaluates VAT rates for budget planning
  • Covid pandemic led to increased VAT rate modifications
  • Finland is increasing VAT rate from 24% to 25.5%
  • Finland is increasing IPT rate from 24% to 25.5%
  • IPT is a tax on general insurance premiums
  • Rate increases will come into effect from 1 September 2024

Source: tungstenautomation.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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