Veronlisävero

Veronlisävero, also known as a value-added tax, is a type of consumption tax charged on most goods and services in Finland. The tax is levied by the Finnish Tax Administration and is typically calculated as a percentage of the sales price of a product or service. The standard rate of veronlisävero in Finland is 24%, although there are reduced rates of 14% and 0% applicable to certain goods and services.

The purpose of veronlisävero is to generate revenue for the Finnish government, which uses the funds to finance public goods and services. The tax is typically borne by the consumer, who pays the veronlisävero as an additional charge on top of the sales price of the good or service. However, businesses that provide goods and services are also required to report and pay veronlisävero on their behalf.

Veronlisävero is often included in the net prices of goods and services sold in Finland. Some examples of exemptions from veronlisävero include foodstuffs, medicines, and certain types of education services. Some countries, particularly those within the European Union, have similar types of value-added taxes, which can be credited against veronlisävero in some cases.

In Finland, the application and payment of veronlisävero is administered by the Finnish Tax Administration, which provides guidelines and resources to help businesses and individuals comply with the tax legislation. Failure to report or pay veronlisävero can result in penalties and fines.