EU ECOFIN fail to agree on the reduction of VAT on e-Books

28 July 2017

The EU’s Economic and Financial Affairs Council (ECOFIN) have failed to reach an agreement on reducing the VAT rate on e-books to match that of printed material.

ECOFIN is an EU council consisting of economic and finance ministers from all EU member states, who are responsible for setting EU polices in three main areas: economic policy, taxation issues and regulation of financial services.

In an ECOFIN meeting held in June 2017, where the reduction of VAT on e-Books was discussed, the Czech Republic representative objected to the measure, raising concerns about potential VAT fraud in the sector and requested a wider review of general digital services VAT treatment.

Currently digital publications are subject to the standard rate of VAT across the EU, while printed publications (offering the same reading content) are normally taxed at reduced rates.

LATEST NEWS

Morocco introduces VAT on e-services for non-resident...

From 14 February 2024, Morocco introduced VAT at 20% on the sale of digital services by non-resident providers to local consumers.  Previously, foreign...

SEE MORE
VAT news
LATEST NEWS

Polish Ministry of Finance issues new National...

The Polish Ministry of Finance recently announced a round of nine public consultations ahead of a newly proposed July 2025 launch date of KSeF B2B e-invoicing...

SEE MORE
VAT news
LATEST NEWS

UPDATE: Belgium confirms the introduction of mandatory...

During February 2024, the Bill legislating for mandatory B2B e-invoicing in Belgium was gazetted, confirming the introduction of an e-invoicing regime from 1...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.