Finland – VAT rate change proposal
In June 2023, as part of a programme called “A strong and committed Finland”, the Finnish new government has proposed the following changes in VAT rates:
1) Increase in VAT rate from 10% to 14% on the following supplies:
- books
- pharmaceutical products
- physical exercise services
- film screenings
- entrance fees to cultural and entertainment events
- passenger transport
- accommodation services
- royalties for television and public radio activities
- The 10% rate would still apply to newspapers and magazines.
2) Reduction in VAT rate from 24% to 10% on menstrual products, nappies and adult incontinence pads.
The new government is due to start working on the above proposed actions in autumn.
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