Consultation on 0.5% reduction from 14% for reduced rate; no change to 25.5% standard rate A public consultation has been launched on 20 June 2025 on the Finnish government proposed reduced VAT rate cut by 0.5% from 14% to 13.5%. This was contained within the
Tax administration highlights rising small service company insolvencies following 2024 1.5% VAT hike The Finnish tax authority has highlighted a sharp rise in small businesses closing and have attributed the 2024 VAT rise to 25.5% . The problem has emerged on latest tax gap figures.
Intrastat – reporting on movement of goods between EU member states – reporting threshold remain unchanged in 2025 Finland kept unchanged its Intrastat reporting thresholds for 2025 as follows Arrivals: remains at €800,000 per annum Dispatches: remains at €800,000 per annum Check EU intrastat thresholds
1st January 2025 Hotels, books, cultural, sport and other supplies rise to 14% rate The 14% and 10% reduced VAT rates will remain unchanged, but there will be a reclassifications announced last year as follows: From 10% to 14% Books (newspapers, journals or magazines remain
Increase to €20,000 annual sales threshold for mandatory VAT registration in 2025 budget The Finnish Ministry of Finance is planning to raise the annual sales threshold for compulsory VAT registration. From 1 January 2025, it will rise from €15,000 to €20,000 per annum. The new
1.5% VAT rate rise to 25.5% on 1 September 2024; reduced rate increases Jan 2025 Finland has increased its standard Value Added Tax rate to 25.5% on 1 September 2024. The 10% and 14% reduced rates will remain the same, but there will be upward
Recategorisation of supplies to higher VAT rates from 1 January 2025 Finland’s new government announced planned reclassifications of many reduced rate supplies to raise taxes. This is part of the Ministry of Finance’s 2024 budget proposal, and will come into effect on 1 January 2025.
New guidance on VAT liabilities for crowdfunding, including peer-to-peer loans The Finnish tax authority has issued new tax guidance including the VAT issues for contributors to crowd-funding projects. Scope of the new guidance The taxation issues of crowdfunding are examined exclusively from the point of
Finland to evaluate mandatory real-time e-invoicing Finland is set to review mandating B2B e-invoicing / digital reporting for its taxpayers. This comes as the EU VAT in the Digital Age plans progress towards implementing structured e-invoicing for intra-community supplies from 2028. The news was included
