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Proposal to Amend VAT Law and Self-Initiated Taxation Procedures Law – Government Bill HE 158/2024

  • Proposal to amend the laws on value added tax and taxation procedure for self-initiated taxes
  • Proposed changes include making the agricultural intervention fund separately liable for VAT and clarifying late payment penalties for over-declared VAT refunds
  • The proposed laws are set to come into effect on January 1, 2025
  • The government has approved the proposal for submission to parliament

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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