Finland confirms standard VAT rate rise to 25.5%

1 May 2024

The Finnish government has confirmed that its standard VAT rate will increase from 24% to 25.5% and is expected to come into effect sometime in 2024. 

This increase will make the Finnish standard VAT rate the second highest in the EU with only Hungary’s VAT rate beating this at 27%. 

The 14% and 10% reduced VAT rates will remain unchanged.

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