On this page, we have compiled information and considerations for accountants regarding the VAT change concerning Finago Procountor Solo environments. The page will be updated when more information is released.
VAT rate change 14% -> 13,5 % (Jan 1st 2026)
From the beginning of 2026, the VAT rate for several goods is decreasing from 14% to 13.5%
The purchase product register in Solo is managed in Procountor through the accountant's interface. Therefore, VAT changes for purchase products can be made by the accountant in Procountor.
The VAT configuration tool (Management > Accounting Info > VAT Defaults) can be used to update other Solo items to the new 13,5% VAT rate.
Existing VAT information will not automatically change in the product register or on invoices, so the VAT change requires action from the user (accountant).
How do I change the VAT percentage in Finago Procountor Solo environment?
On January 1st, we automatically add the new percentage to Sales invoices and purchases in the Used VAT percentages.
The product register of Finago Procountor Solo environments (Registers > Product Register for purchases) is not automatically updated with a new VAT-% and you can use VAT configuration tool to update it with the new VAT-%.
Updating the product register for Solo environment
The entrepreneur allocates each purchase invoice and expense in the Solo user interface based on the expense type. These expense types come from the Procountor Product register for purchases, and all purchase products added to Procountor are also visible for the entrepreneur.
The product register of the Solo environment is not automatically updated with a new VAT-%.
VAT configuration tool
The VAT configuration tool allows for the mass updating of the new VAT percentage of 13.5% to various places and settings in Procountor. The configuration tool can be accessed from Management > Accounting Info > VAT Defaults. The tool can be used to update the VAT-% for product register, when they include a VAT-% with 14%.
Discuss with the entrepreneur what is an appropriate time to update the VAT-%. If invoices with the new VAT percentage start arriving from the entrepreneur already in December, it is also advisable to update / add the new VAT-% to the product register so that the VAT details also correct on the bank statements.
It is the accountant's responsibility to ensure that the correct VAT-% is used in invoicing and accounting.
The new VAT-% (13,5%) can also be added to Procountor by creating manually products in the product register with the new VAT-%. This way, the entrepreneur can choose the expense type in their interface with either the new or the old VAT-%. Read below how to do this.
Creating double products to the product register with the new VAT-%
Navigate in the accountant’s interface in Procountor to the section Registers > Product register for purchases.
Select the product you want to copy and press the Copy button on the top row.
Enter the product name and select a new VAT percentage for the product. We recommend that you name the products in such a way that the entrepreneur can choose the correct expense type (with the old or new VAT percentage) in their own interface.
Finally, press the Copy button.
VAT rate change 10% -> 14 % (Jan 1st 2025)
From the beginning of 2025, the VAT rate for several goods increased from 10% to 14%.
The purchase product register in Solo is managed in Procountor through the accountant's interface. Therefore, VAT changes for purchase products can be made by the accountant in Procountor.
The VAT configuration tool added for the 2024 VAT changes will be expanded in January 2025 so that from January 18, 2025, it can be used to change the VAT rate of multiple products to 14% at once.
Changes to the VAT rates of products can also be made manually directly in the product register before January 18. You can change the VAT rate of an existing product or add a completely new product with a new rate.
Existing VAT information will not automatically change in the product register or on invoices, so the VAT change requires action from the user (accountant).