PWC Uutishuone
PWC Uutishuone
12.08.2024|

VAT (Value Added Tax) Rate Change in Finland: What to Expect from ERP Changes

The general VAT rate in Finland will increase to 25.5 percent on September 1st. Most likely, this change will be treated similarly to numerous other indirect tax rate changes by large, globally operating corporations, as they may face several such changes throughout the year. The indirect tax-related system settings for larger international corporations are designed to facilitate rate changes, which are typically the simplest changes. In our experience, companies with a more established geographical footprint have already updated their systems and have gained substantial experience with the change process, making the VAT increase much easier to handle.