Finland plans to reduce its reduced VAT rate from 14% to 13.5% starting in 2026, covering essentials like food, transport, accommodation, medicines, and cultural services. Public broadcasting services, currently taxed at 10%, may also be affected. A public consultation is open until 15 August 2025. The goal is to ease inflation, though further changes may follow based on feedback.
Finland Plans to Cut the Reduced VAT Rate in 2026
Public
Other countries
Author: Ljubica Blagojević
Category:
General information
Views:
40
Content accuracy validation date:
04.08.2025
Content accuracy validation time:
08:09h
The Finnish Government plans to reduce its reduced VAT rate from 14% to 13.5% starting in 2026.
This cut would apply to goods and services currently taxed at 14%, including:
- Food
- Restaurant and catering services
- Feed materials
- Passenger transport
- Accommodation and guest harbour services
- Medicines
- Cultural and sports-related activities (e.g. books, event tickets, sports services)
Public broadcasting services, currently taxed at 10%, may also be affected.
The Ministry of Finance has opened a public consultation, with a comment deadline of 15 August 2025.
This small VAT cut is supposed to ease inflationary pressure on essentials. The consultation suggests possible adjustments before final approval.
Other news from Other countries
New Vietnam Consumption Tax Rules Effective 2026
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Vietnam's 2025 SCT Law aims to promote healthier consumer behaviors by reducing smoking, alcohol, and sugar consumption, combating smuggling, and encouraging green industries. The law taxes goods like cigarettes, tobacco, alcohol, beer, vehicles, motorcycles, aircraft, yachts, gasoline, ACs, playing cards, and sugary drinks. Businesses should refer to Vietnam Briefing's 2024 SCT article for compli... Read more
Ireland: New Audit Exemption for Small & Micro Companies
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The Minister for Enterprise, Tourism and Employment has announced the commencement of Section 22 of the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024, which changes the audit exemption regime for small and micro-sized companies. This prevents automatic loss of audit exemption on the first occasion of late filing. The Minister for Enterprise, Tourism and Employmen... Read more
UK VAT: Marketplaces & Non-UK Sellers
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Online marketplace operators are responsible for VAT on goods sold by overseas businesses. To avoid unpaid VAT, verify if a seller is established outside the UK and keep evidence. HMRC reviews evidence based on business size, internal risk systems, and individual case circumstances. As an online marketplace operator, you’re liable for VAT on goods located in the UK at the point of sale and s... Read more
Chile: New VAT Registration for Foreign B2C Sellers
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
Chile introduces VAT registration for foreign sellers and platforms handling low-value B2C goods from October 2025, affecting intermediaries and direct sellers, with registration opening in August. Beginning in October 2025, the resolution requires foreign sellers and platforms that handle low-value B2C goods to register for VAT. On July 10, 2025, Resolution No. 84 was issued by Chile's tax autho... Read more
US Small Businesses Stick with Paper Receipt (90%+ Still Manual)
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Despite the growth of digital payments, over 90% of U.S. small businesses continue to rely on paper receipt, handling around $6 trillion annually. This persistence is driven by cash flow needs, system complexity, and reluctance to change. While platforms help speed up payments and reduce fraud risk, adoption remains slow due to fragmented software and banking infrastructure. Government efforts to... Read more
Singapore Simplifies Procurement with Peppol Order Balance
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
The SG Peppol BIS Order Balance, developed by IMDA, standardizes how buyers inform sellers of remaining order quantities. It supports automation, reduces billing errors, and fits into both partial and full delivery workflows. Aligned with Peppol and EIF 2.0, it uses UBL 2.1, ISO Schematron, and ISO 15000-5:2014 data types. Main elements include OrderTypeCode 348, party identifiers, product details... Read more