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Finland – propose a VAT rate increase of 1%

Wednesday, 10.10.2012
VAT News

The Finnish government reached a consensus on its proposed 2013 Budget, which includes a 1% increase in the standard and reduced rates of VAT.


The increase will affect the current standard VAT rate of 23% and reduced rates of 13% and 9%, which are due to change from 1st January 2013. 

These changes are still subject to final Parliamentary approval, which is not expected until the end of the year.