EP for lowering VAT for e-books
The European Parliament (EP) has agreed last week to allow a reduction in VAT for ebooks to match printed books. This means a reduction from 21% to 6% for digital books, newspapers and magazines. Up to now the lower VAT rate was only applicable to printed media. A majority thought that this inequality ad to end. The European Commission proposed the change and the European Parliament agreed to this. EU member states are now able to reduce the VAT reduction for online media.
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