The EU’s Economic and Financial Affairs Council (ECOFIN) has formally adopted the directive allowing member states to apply reduced or zero VAT rates to electronic publications, providing for alignment of the VAT rules between physical and electronic publications. This follows the political agreement reached by the council on 2 October.
Super-reduced (below 5%) and zero rates will only be allowed for member states that currently apply these rates to physical publications.
The directive is intended to apply temporarily, until the planned introduction of a new ‘definitive’ VAT system in 2022.
The EU’s Economic and Financial Affairs Council (ECOFIN) has formally adopted the directive allowing member states to apply reduced or zero VAT rates to electronic publications, providing for alignment of the VAT rules between physical and electronic publications. This follows the political agreement reached by the council on 2 October.
Super-reduced (below 5%) and zero rates will only be allowed for member states that currently apply these rates to physical publications.
The directive is intended to apply temporarily, until the planned introduction of a new ‘definitive’ VAT system in 2022.
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