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Proposal to Increase VAT Rate to 25.5% Effective September 1, 2024

  • Proposal to amend the value-added tax law and insurance premium tax law
  • Increase in general value-added tax rate and insurance premium tax rate from 24% to 25.5%
  • Proposed laws to come into effect on September 1, 2024
  • Responsible Minister: Minister of Finance Purra
  • Urgent submission to Parliament before the parliamentary recess

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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