Finland to increase VAT by 1% in 2013
15 August update to this story - the Finish government this confirmed that it will pass this proposal to raise Finnish VAT to the Parliament for approval.
22 March 2012
The Finnish government has today proposed a 1% increase in the standard VAT rate to 24% from January 2013.
In the past 12 months, there have been many rumours of a VAT rise, including a VAT increase of 2%. However, fears around the impact on consumption led the increase being capped at 1%.
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