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Finland Standard VAT Rate Update

edited Sep 11, 2024 8:55PM in Announcements

This notice applies to customers who have installed the International Tax Reports SuiteApp and your NetSuite account has a Finland subsidiary.

What is Changing?

On September 1, 2024, the standard tax rate for the S-FI tax code changed from 24% to 25.5%.

The Finland VAT Return form will reflect the new tax rate by version 3.129.0 of the International Tax Reports SuiteApp targeted for release in October 2024 .

Required Action

Before the SuiteApp's release to version 3.129.0 in October 2024, you must update the tax rate of the S-FI tax code.

  1. Go to Setup > Accounting > Tax Codes.
  2. Click Edit next to S-FI.
  3. In the Rate field, change 24% to

Regards,

@Robert Nedelkow-Oracle | NetSuite Support Community Administrator

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