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

France to introduce e-filing for 13th Directive VAT...

From 1 July 2021, non-EU businesses must request 13th Directive VAT refund claims electronically through a fiscal representative established in France. These...

SEE MORE
LATEST NEWS

Norway extends reduced VAT rate to September 2021

Norway has confirmed that the temporary reduced VAT rate reduction, from 12% to 6%, will be extended from 30 June 2021 to 30 September 2021. The reduced VAT...

SEE MORE
LATEST NEWS

Canada: GST to be charged on digital goods and...

From 1 July 2021, the Canadian Revenue Agency (CRA) will introduce Goods and Sales Tax (GST)/Harmonised Sales Tax (HST) on sales of e-commerce goods and...

SEE MORE

Gated Content

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