Finland decrease reduced VAT rate

With effect from 1 October 2009 the reduced VAT rate of 17% in Finland will decrease to 12%.

The reduction in the VAT rate will apply to food products sold in shops. The decrease is only a temporarily measure and with affect from July 2010 the rate of 12% VAT is planned to be increased to 13%.

VAT on food sold in restaurants will continue to be subject to standart rate of 22% and is planned to be decreased to 13% in July 2010.