From 1 Sept 2024, the general VAT rate in Finland will go up from 24% to 25.5%. The new percentage will be applied on the goods and services that are subject to the 24% VAT rate today.
What does this look like in Holvi?
VAT in incomes and expenses
- We have added the new VAT rate of 25.5% so that you can already e.g. create invoices with it.
- 24% will also still be kept available for some time.
- Make sure to check the correct VAT rate during the transition period.
VAT in reports
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General reports like VAT report, invoicing report etc. have 25.5% as a VAT rate calculation and category.
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Partner-specific reports (Netvisor, Procountor, Fivaldi) are formatted as agreed with them.
VAT in accounting API
With Holvi’s Accounting API the update will enable the field for VAT (“VAT_percentage”: “0.00") that currently lists e.g. “24.00” to be able to pass “25.50" data in there.