Finland raises baseline value-added tax rate by 1.5 percentage points to 25.5%

THE BASELINE RATE for Finland’s value-added tax was raised from 24 to 25.5 per cent on Sunday, 1 August.

YLE on Friday reminded that the raise will theoretically have an impact on the prices of most consumer goods and services, such as clothes, detergents, electricity, hairdresser’s services, on-demand subscriptions and transport fuels.