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Finland Standard VAT Rate Update
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.
- Go to Setup > Accounting > Tax Codes.
- Click Edit next to S-FI.
- In the Rate field, change 24% to
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
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