VAT for ePublishing
The digital world and ePublishing have changed the way publications are being produced and distributed. Concurrent to this, governments around the world are now shifting the way they treat eBooks and other digital publications and VAT rules for the ePublishing media are changing rapidly.
Global VAT Compliance is up to date with all VAT developments and has the knowledge and experience to simplify your VAT compliance process ensuring your ePublishing company is fully VAT compliant all around the world.
The Publishing industry is evolving
echnology has revolutionized industries like music, video streaming, gaming, and publishing. The digital landscape, especially ePublishing, has transformed how publications are created and distributed. The ePublishing market reached a revenue of $27.2 billion globally in 2022 and is projected to grow, with digital magazines and ePapers contributing significantly to this expansion by 2027
New ePublishing Business Models
New models such as digital distribution, pay-per-view (PPV), subscriptions, self-publishing, and print-on-demand have unlocked growth opportunities. With e-readers and mobile apps, it is now easier than ever to globally distribute e-books, digital magazines, newspapers, and other digital content.
VAT Challenges in ePublishing
Traditionally, printed books benefited from reduced or zero VAT, while digital publications faced full VAT rates. However, governments are reconsidering VAT rules as digital media grows. In 2018, the European Council allowed member states to reduce VAT on digital publications, leading to rapid changes in VAT rates across the EU.