- VAT rate in Finland will be increased by 1.5 percentage points in 2025
- The government aims to reverse unfavorable economic trends and reduce the country’s current debt
- Emphasis will also be placed on employment, citizen safety, and improving the knowledge and competence of government officials
- The increase in VAT rate is intended to stimulate economic growth and balance the economy
- Government finances have deteriorated recently, making it necessary to raise VAT to avoid high public debt
- Measures will not affect key aspects of Finland such as employment, safety, knowledge, and competencies
- Investments will be made in education, research and development, and childcare services.
Source: eurofiscalis.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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