Starting September 1, 2024, the Finnish Government will increase the general VAT rate from 24% to 25.5%. Additionally, the lower VAT rate will rise from 10% to 14% on January 1, 2025. These changes necessitate businesses to adjust their financial and accounting practices to comply with the new rates. Here’s what you need to consider and how Basware can support you through this transition.
Martin Lux
Olivier Taligault
Rob Wilson
Markus Hornburg
Basware Representative