Finland President Signs Law Amending Increase in VAT, Insurance Premium Tax Rates

The Finnish President July 5 signed Law Nos. HE 61/2024 vp and EV 61/2024 vp, increasing the rates for general VAT and the Tax on Specific Insurance Premiums. The bill includes measures increasing the general VAT rate and the insurance premium tax rate to 25.5 percent from 24 percent for: 1) tax obligations arising on or after Sept. 1; and 2) intra-community acquisitions of goods which, according to section 138b, are allocated to calendar months after the entry into force of the measures. The laws enter into force Sept. 1. [Finland, Government Legal Database, 07/05/24]

Reference:
View Act Amending Sections ...