- Finland is considering increasing the VAT rate from 10% to 14% on goods such as transport, accommodation, and medicines
- The proposal is open for public feedback until August 19
- The rate hike is expected to take effect from January 1, 2025
- The changes will affect a broader range of products including cultural performances, sports activities, art, books, healthcare products, and diapers
- The ministry expects to generate 245 million euros from the rate increase
- Newspapers and magazines are excluded from the proposed VAT rate hike.
Source:
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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.
