The Finnish Government approved an increase in the reduced VAT rate from 10% to 14% from January 1, 2025. Goods and services currently subject to the 10% reduced VAT rate will be subject to the 14% rate, excluding supplies of newspapers, magazines, and broadcasting services that will remain at the 10% rate. Children’s diapers and sanitary protection products, which are currently subject to the standard VAT of 25.5%, will also be subject to the 14% rate from January 1, 2025.
The Bill introducing these changes can be found here (in Finnish).
