1 August 2024
The Finnish government recently released a draft bill proposing an increase on the reduced VAT rates applied to specific supplies from the 10% category to the 14% category.
If accepted this new rate will apply to:
- Accommodation services
- Admission to cultural events
- Books
- Cultural and sports activities
- Imported artworks
- Medicines
- Passenger transport services
The bill also proposes a VAT rate reduction on menstrual pads, incontinence pads and child diapers from the standard rate of 24% (due to increase to 25.5% from September 2024) to 14%.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
Reminder: Finland standard VAT rate increase from...
A reminder that the Finnish standard VAT rate will increase from 24% to 25.5% on 1 September 2024. This increase will make the Finnish standard VAT rate the...
SEE MORE
LATEST NEWS
Estonia to end Covid-related reduced VAT rate cuts...
Estonia will increase the VAT rate on the following supplies from 1 January 2025: Accommodation services from 9% to the 13% reduced VAT rate. Newspapers both...
SEE MORE
LATEST NEWS
South Africa scraps low value import VAT exemption
On 1 September 2024 the South African Revenue Service (SARS) will scrap its current import VAT exemption on low value goods. This import VAT exemption allows...
SEE MORE