VAT news tagged as "e-books"

Norway

Norway scraps e-book VAT July 2019

October 11th, 2018

Norway is to set the VAT rate on electronic books and new journals at zero percent from 1 July 2019. The measure is contained within the 2019 Budget now in parliament. Supplies of e-books and electronic publications are today subject to standard 25% Norwegian VAT, although paper books and specific publications on paper have been subject …


India

India cuts e-book VAT to 5%

July 28th, 2018

On 21 July, India’s Central Board of Indirect Taxes & Customs approved a reclassification of the e-books VAT from the standard rate to 18% to the lower rate of 5%. One condition for the application of the lower rate is that a paper-version of the publication must also be available.


China

China cuts VAT on books and journals

June 30th, 2018

China is to cut the VAT rate on books, newspapers, journals, e-publications etc published by the Communist Party to 0%. Publications by other organisations for children and elderly are also to be nil-rated for VAT purposes. All other publications are to benefit from a 50% cut in VAT rate.


Europe

EU fails to agree again e-book reduced VAT

May 25th, 2018

At today’s EU meeting of finance ministers, ECOFIN, member states failed again to agree to allow the reduced or nil VAT rates on electronic books and publications. The proposal was last discussed at ECOFIN in June 2017, and no progress was made. The Czech representation again blocked the measure.  Its position was linked to other …


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 …