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
Emergency VAT measures to combat the financial impact...
Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...
SEE MORE
LATEST NEWS
Greece to reduce VAT rate on public transport, coffee...
The Greek tax authorities have confirmed that the VAT rate on public transport, coffee supplies and non-alcoholic drinks will be reduced from 24% to 13%. This...
SEE MORE
LATEST NEWS
Portugal to reduce the VAT rate on gym and health club...
The Portuguese tax office has announced that the VAT rate on gym and health club memberships is to be reduced to 6%. To find out how this update could impact...
SEE MORE