VAT news tagged as "Journals"

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.


Czech Republic

Czech cuts newspaper VAT to 10%

December 17th, 2016

The Czech parliament has approved a reduction of the VAT rate on newspapers and journals from 15% to 10%. The change will apply from 1 January 2017. The cut is to provide a tax subsidy to an industry hit be declining sales. To qualify for the new rate, a paper must contain at least 50% …