| Update: | Compliance Alert - VAT rates to be increased to 25,5% |
| Date: | 2024-04-17 |
On 16 April 2024, the Government of Finland unveiled the Fiscal Plan for 2025-2028 that aims to improve the sustainability of public finances and create conditions for reversing the trend in indebtedness.
According to the Government’s decision package, the general value-added tax (VAT) rate and the tax rate on certain insurance premiums will increase from 24% to 25,5%.
Furthermore, the reduced VAT rate for sweets and chocolate will be increased from 14% to the general VAT rate of 25,5%.