Finland MOF Seeks Comments on Draft Proposal to Amend VAT Rates on Specific Products

The Finnish Ministry of Finance July 4 opened a consultation on a draft proposal to amend the VAT rates on specific products. The proposal includes measures to: 1) transfer goods falling under the scope of the current 10 percent reduced VAT rate to the scope of the 14 percent reduced VAT rate, excluding newspapers and magazines; and 2) move menstrual protection products, incontinence protection products, and children’s diapers to the scope of the 14 percent reduced VAT rate from the scope of the general VAT rate. The measures would enter into force Jan. 1, 2025. Comments are due Aug. 19. ...