The enacted law for temporary VAT relief includes the following:
- A reduction from a 24% VAT rate on electricity to 10% from 1 December until the end of April 2023.
- Introduction of a zero rate of VAT on domestic passenger transport services from 1 January to 30 April 2023 (transport services cover travel by train, bus, taxi, boat, and airplane).
- Provisions are given to the right to deduct direct input tax.
Source: GVC
Latest Posts in "Finland"
- Finland Proposes VAT Reform for Real Estate Transfers
- Proposal to Reform Real Estate VAT Deduction Adjustment Rules
- Finland Expands E-Invoicing for Tax Payments
- The End of the Paper Era: How the Nordic Countries Are Redefining the Future of VAT and Tax Compliance
- Monthly VAT Reporting Guide for Finnish Accountants
