- General VAT rate will be increased to 25.5% in September
- Proposal by the government to increase general VAT and insurance premium tax rates
- Aim is to improve public finances sustainability and curb debt growth
- Decision on the increase was made in the spring 2024 budget session
- Draft laws were in the consultation round from April 29 to May 17
- Contact person for more information: Risto Sakki, tel. 0295 530 294, risto.sakki(at)gov.fi
- Project page: Increase in general VAT and insurance premium tax rates
- Orpo’s government: Decisions made to prevent economy from sliding into uncontrolled decline (press release 16.4.)
- Government proposal VM/2024/85
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.
