Finland Tax Agency Updates VAT Guide for Taxpayers

The Finnish Tax Administration Jan. 22 posted online Guide No. VH/5455/00.01.00/2024, providing VAT guidance for taxpayers. Topics covered include: 1) general information on VAT, including its scope; 2) that any person who sells goods and services in Finland in the form of a business is liable to pay VAT; 3) VAT rates, such as a 25.5 percent general rate, a 14 percent reduced rate, applicable to restaurant and catering services, the sale of food, accommodation services, medicines, and menstrual pads, and a 10 percent reduced rate, applicable to the sale of newspapers and magazines, inter-company acquisitions, and certain transfers; 4) ...