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Amendment to VAT Act: Changes in tax rates and regulations for various services

  • Amendments made to the Value Added Tax Act include changes to sections 79 g, 79 j, 85 a, and 115
  • A new section 69 d is added regarding services provided to virtual entrepreneurs
  • Tax rates for art, collectibles, and antiques sold to taxable resellers are outlined in section 79 g
  • Section 79 j specifies tax bases for imported art objects and intra-Community acquisitions
  • Section 85 a outlines a reduced tax rate for certain services and goods, including access to sports events and cultural venues
  • The Act enters into force on a specified date and applies to services and goods delivered after that date.

Source: vm.fi

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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