The European Court of Justice has declared that e-books are 'services' and not books and, therefore, European countries are not allowed to give them the same favourable tax treatment as paper books. Following this decision, the court has ordered France and Luxembourg to restore their standard value added tax (VAT) rates on e-books.
In response, the Luxembourg VAT authorities have announced that as of 1 May 2015 the standard VAT rate of 17% will apply to e-books, instead of the reduced 3% rate.Back to News
Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.Read more