VAT Rates in Finland
The standard rate for Value Added Tax (VAT) in Finland is 24%. However, certain goods and services are subject to reduced rates of 14% and 10%. A “taxable supply” in Finland refers to the provision of products or services that are subject to VAT rates, including those at a zero rate.
Those who are registered for VAT in Finland and sell goods or services must apply the correct VAT rate and collect the corresponding tax amount, which they must then remit to the Finnish tax authorities via a VAT filing system.
VAT Rates in Finland
View below the main types of VAT rates and the main categories of products or services they include.
Standard VAT rate |
|
| A standard VAT (Value-Added Tax) rate is each country’s most typical VAT rate applied to goods and services. It is applied to the majority of goods and services, with some exceptions, such as essential items or other specific goods or services that may have a reduced rate and are presented below. | |
| Rate | Good or Services |
| 24% | All goods or services not included in the reduced rates table below |
Reduced VAT rates |
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| Certain goods and services are eligible for reduced VAT rates. as essential items or other specific goods or services that may have a reduced rate and are presented below. | |
| Rate | Good or Services |
| 14% | “First reduced rate” |
| Edible items, drinks, and assorted household provisions; | |
| Food establishment offerings; and | |
| Feed for animals | |
| 10% | “Second reduced rate” |
| Services for transporting passengers; | |
| Lodging. | |
| Sports, athletic competitions, and physical education. | |
| Events of a cultural nature. | |
| Payment received by Yleisradio Oy and Ålands Radio och TV Ab from television licensing fees; | |
| Medicinal products; | |
| Subscriptions for newspapers and magazines in both physical and electronic format, as long as the electronic version is not primarily composed of music or video content and is not intended as advertising; | |
| Certain artworks imported into Finland by successors in title or sold by the artist, excluding sales made by taxable dealers; | |
| Payment received by a copyright collection agency; | |
| Taxable performance fees charged by performing artists, public performers, athletes, and their agents, as well as sales of their services to event organizers. | |
| Books and e-books, books in CD or memory stick format, and audiobooks. | |
| 0% | Zero rated products |
| Provision of printing services for publications by non-profit organizations | |
| Transportation services within and between EU countries and other international destinations | |
| Applicable taxes on gold ingots, bars, and coins | |
| Certain artworks, collector’s items, and antiques subject to specific tax regulations. | |
Exempt From VAT |
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| Land and building rentals, leases, and sales (with some exceptions, such as hotels and short-term rentals) | |
| Postal services | |
| Healthcare and social welfare services (including therapy and counseling services provided to individual patients by psychotherapists and psychologists) | |
| Education and training services | |
| Banking and financial services (Note: some restrictions may apply) | |
| Sale of investment gold (with an option for the seller to exercise tax) | |
| Insurance services | |
| Cultural services (Note: additional details may apply) | |
| Sale and lease of ships | |
| Funeral and cremation services | |
| Betting, gambling, and lottery activities | |
| Sale of wild berries by the gatherer | |
| Sign language interpretation services for the deaf. | |
Last Updated: 14/12/2023
Disclaimer
The information provided by Global VAT Compliance B.V. on this webpage is intended for general informational purposes only. Global VAT Compliance B.V. is not responsible for the accuracy of the information on these pages, and cannot be held liable for claims or losses deriving from the use of this information. If you wish to receive VAT related information please contact our experts at support@gvc.tax
