Finland's Ministry of Finance has issued a release on government proposals for a temporary return of VAT paid and a further reduction of the late payment interest rate. The interest rate has already been temporarily reduced from 7% to 4% to the end of August 2020 due to COVID-19.
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Value-added tax paid by businesses in the first months of the year could be returned to them and rescheduled for later payment
The Government is proposing that value-added tax (VAT) already paid in the early …