VAT news tagged as "e-books"

Iceland

Iceland scraps e-book VAT 2019

April 10th, 2018

Iceland’s Ministry of Finance and Economic Affairs is to reclassify electronic books as zero-rated for Value Added Tax from 1 January 2019. E-books are currently subject to the reduced VAT rate of 11%. Iceland is a member of the EEA, and not a member of the European Union where countries are obliged to charge the …


Switzerland

Switzerland cuts e-book VAT to 2.5%

October 21st, 2017

Switzerland is to reduce the VAT rate on e-books from 8% to 2.5% on 1 January 2018. This will bring the VAT rate on electronic books into line with that on printed books. The main Swiss VAT rate will also drop from 8% to 7.7% on the same date. The European Union has been debating …


Colombia

Colombia scraps VAT on e-content

August 29th, 2017

Colombia plans to exempt a range of digital content provided electronically to consumers from VAT in order to boost its digital sector.  The following services are proposed to be taken out of the VAT net: Cloud-based computing Downloads of software Online digital content for e-learning e-books from non-resident sellers were recently exempted from VAT withholding tax …


Thailand

Thailand foreign e-services 5% VAT

July 11th, 2017

Thailand has proposed introducing 5% VAT on all non-resident e-services providers selling to local consumers.  This would include eliminating the existing annual threshold of baht1,500. In a public consultation, closing this week, the Thai tax authorities are requesting feedback on indirect taxation on foreign sellers of e-books, streaming media, online journals, SaaS services and apps.  …


Europe

EU fails to agree on e-Book reduced VAT

June 16th, 2017

On 16 June the EU’s Economic and Financial Affairs Council (ECOFIN) failed to reach agreement on reducing VAT rates on e-books to match printed books.  The Czech Republic objected to the measure.  The lack of a resolution comes after years of seeking to grant e-Books a tax subsidy and boost reading. e-Books at standard VAT rates …