On 11 December 2024, the Finnish Parliament passed Bill HE 141/2024, under which goods and services currently subject to a reduced VAT rate of 10% will henceforth be subject to a reduced VAT rate of 14%.
Neither newspapers and magazines nor public broadcasting will be subject to this increase and will remain subject to the 10% VAT rate.
Examples of goods and services that will be subject to 14% VAT from 2025 are as follows:
- books;
- medicines;
- sport and fitness services;
- admission to cultural, entertainment and sporting events;
- passenger transport services (buses and coaches, trains, taxis, domestic flights) ;
- accommodation services.
For more information on this subject or to determine whether a reduced rate applies to your operations, please contact our experts.
Source: Finnish Tax Authority
