The standard value added tax rate will change starting from September 1st.

As part of the government’s fiscal consolidation measures, the standard value added tax rate will increase from 24 percent to 25.5 percent. The change will take effect on September 1st, 2024. The standard value added tax rate applies to most products and services sold in Finland. Reduced value added tax rates will remain at 14 and 10 percent for the time being.

The upcoming changes will affect the value added taxation of products and services, which will be reflected in price changes for those products and services provided by the City of Salo that fall within the scope of the changing value added tax rate.

When invoicing the City of Salo, please take note of the change and use the correct value added tax rate on the invoice. The value added tax rate is determined based on the day when the performance is completed or when the goods are delivered. An exception to this is advance payments, where the value added tax rate is determined based on the payment date.

For more information on the application of the correct value added tax rate, please visit the website of the Tax Administration at www.vero.fi.