Finland: Insurance Premium Tax Rate Change

Edit Buliczka

July 2, 2024

On 28 June 2024, the Finnish Parliament approved the amendments to the Insurance Premium Tax (IPT) according to the government proposal (HE 61/2024).

With the change (article 3) in the law, the IPT will rise from 24 percent to 25.5 percent. This change is in line with the Value Added Tax (VAT) rate change.

The legal changes will enter into force on 1 September 2024.

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Author

Edit Buliczka

Edit Buliczka is a Regulatory General Counsel at Sovos EMEA specializing in Insurance Premium Tax. A Hungarian registered tax expert and chartered accountant with a background at Deloitte, KPMG, and AIG, she has been with Sovos since 2016, tracking IPT legislative changes across Europe.

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