VAT news tagged as "e-books"

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 …


Europe

EU committee backs reduced e-book VAT

May 7th, 2017

A key EU Parliamentary committee has voted to back the European Commission proposals to reduce VAT on electronic books to the same rates as their paper equivalent. The Economic and Monetary Affairs Committee backed the measure, which now goes to the full EU Parliament to vote on. Only goods specifically listed in the EU VAT …


Europe

EU e-book VAT update

March 28th, 2017

The Finance Ministers of the EU recently debated at ECOFIN the aligning of the VAT rates on e-books to the reduced VAT rates of their printed equivalent.  This follows a 2015 European Court of Justice ruling which held that e-books could not benefit from reduced VAT rates under the existing EU VAT Directive. Several countries, …


Brazil

Brazil exempts e-books from tax

March 11th, 2017

Brazil’s Federal Court has exempted electronic books from tax.  This aligns to the tax treatment of paper books, magazines and newspapers.  The court held that digital books were indistinguishable from printed books.  The ruling relates to a number of federal, state (ICMS) and city taxes, and no implementation date has been set. This compares to …