According to the proposal submitted by Finland's government to parliament, the general VAT rate in Finland will increase to 25,5 percent starting from 1. September 2024. The Tax Administration advises that the VAT percentage is determined by whether the service was performed or the goods delivered to the customer before or after 1.9. The Tax Administration will publish guidelines related to the change in June.
The VAT rate increase also requires some changes to the Heeros PSA software. We will add support for the 25,5 percent VAT rate during the summer, and according to the preliminary plan, we will later make mass changes to some registers and settings on behalf of customers. However, some actions must be taken by customers themselves in the software.
We will provide further instructions on the actions required from our customers later in the summer. We will also separately contact some of our customers who use our customized services.
We encourage our customers to:
- follow the Tax Administration's announcements on the subject.
- follow the announcements of other financial management software you use to ensure support in the integrations between the programs.
- follow our email notifications and Help Center service releases.
We also informed about this topic in our previous monthly newsletter. If you also use other Heeros financial management software, read our other service releases in the Help Center.