Finland: New Laws Increase VAT and Insurance Premium Tax Rates

Spread the love

The Finnish President signed Law Nos. HE 61/2024 vp and EV 61/2024 vp, enacting significant changes to the tax system. These laws will raise the rates for general VAT and the Tax on Specific Insurance Premiums.


Key Changes:


  • General VAT Rate: Increased from 24% to 25.5%
  • Tax on Specific Insurance Premiums: Increased from 24% to 25.5%


The new rates will apply to:


  • Tax obligations that begin on or after September 1.
  • Intra-community acquisitions of goods allocated to calendar months following the implementation, as outlined in section 138b.


These laws will take effect on September 1.



Source: vm.fi

Follow us on LinkedIn to keep up with the latest VAT news

Join us!

Subscribe to our monthly newsletter


Get the latest VAT information directly in your inbox and stay up to date with all VAT developments around the world.

You have Successfully Subscribed!