Finland’s Ministry of Finance initiated a public consultation on 4 October 2024 on a draft proposal to revise the TV Tax for individuals and businesses and to adjust the VAT on public broadcasting services.
The consultation is set to conclude on 23 October 2024.
The proposed amendments to the law on public broadcasting tax aim to reduce the broadcasting tax so that the tax revenue and the Yleisradio Oy appropriation (YLE), Finland’s Public Broadcasting Company, would better correspond to each other in the coming years.
The proposed amendments to the Value Added Tax Act are part of the government’s tax measures aimed at achieving the government’s goal of balancing public finances and increasing the state’s tax revenue.
The draft proposal includes:
- Reduction of the public broadcasting tax by increasing the income limit above which the tax is levied from EUR 14,000 to EUR 15,150. It’s also proposed to reduce the maximum tax from EUR 163 to EUR 160 euros. The amendment is expected to enter into force at the beginning of 2025.
- Broadcasting services currently covered by a reduced value added tax (VAT) rate of 10% would be transferred to a reduced rate of 14%. The amendment is expected to enter into force at the beginning of 2026.
