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.
Technology has had a huge impact in lots of industries such as music and video streaming, gaming and software, and the publishing industry is no exception. The digital world and ePublishing have changed the way publications are being produced and distributed.
The projected industry revenue for 2019 is $22.7 million and it is expected to reach a market value of $29 million by 2023 thanks to the steady growth of eBooks, but most importantly to ePapers and eMagazines.
New business models have emerged like digital distribution, PPV, subscriptions, self-publishing and even Print on demand. The development of e-book readers and apps for mobile and tablets have suddenly created new expansion opportunities for existing and new publishers. Nowadays it is easier than ever to distribute e-books, digital magazines and newspapers and other digital publications worldwide.
GLOBAL VAT COMPLIANCE ENSURES YOU ARE FULLY VAT COMPLIANT WHEN DELIVERING YOUR DIGITAL SERVICES ACROSS THE GLOBE
There is a general rule, printed books and publications have benefited from reduced or zero VAT rates, but that was not the case for their digital counterparts. Nevertheless, it seems 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.
For example, since the European Council agreed to allow member states to apply a reduced VAT rate to electronic publications in October 2018, VAT rates for eBooks have changed fast in EU countries.
Global VAT Compliance is up to date with all these changes and has the knowledge and experience to simplify your VAT compliance process ensuring your ePublishing company is fully VAT compliant all around the world.
We offer comprehensive coverage across the globe providing services in Europe, the Asia Pacific region, Middle East and South and North America. Global VAT Compliance is able to provide Fiscal Representation in countries where even for ePublishing companies this is required, such as Switzerland, Serbia and Albania.
GVC is up to date with all the new and ever changing regulations as so your company is complying with local tax requirements so you can focus on your business and expansion opportunities across the globe.
What to know more? Contact us and focus on your business expansion.
ARE YOU PROVIDING OTHER DIGITAL SERVICES?
GVC CAN HELP YOU BE FULLY VAT COMPLIANT ALL AROUND THE WORLD
All your comments, feedback and queries are of paramount importance to us.
We guarantee to respond to all correspondence within one working day.