When the clock chimed at midnight on the last day of 2019, fireworks were let off welcoming 2020 and the new decade. At exactly the same moment, a number of changes to the EU VAT Directive kicked in, changes which may have an implication on your business. Are you aware of such changes and their potential impact on your business? Are you ready to implement them?

When the clock chimed at midnight on the last day of 2019, fireworks were let off welcoming 2020 and the new decade. At exactly the same moment, a number of changes to the EU VAT Directive kicked in, changes which may have an implication on your business. Are you aware of such changes and their potential impact on your business? Are you ready to implement them?

The legal notice carries an amendment to Item 5 of the Eight Schedule to the VAT Act and provides that as from 01/01/2019, audio books, books and similar printed matter which are supplied electronically are to be taxed at a reduced rate of 5% and not any more at the standard rate of 18%. ..

When the clock chimed at midnight on the last day of 2019, fireworks were let off welcoming 2020 and the new decade. At exactly the same moment, a number of changes to the EU VAT Directive kicked in, changes which may have an implication on your business. Are you aware of such changes and their potential impact on your business? Are you ready to implement them?

The legal notice carries an amendment to Item 5 of the Eight Schedule to the VAT Act and provides that as from 01/01/2019, audio books, books and similar printed matter which are supplied electronically are to be taxed at a reduced rate of 5% and not any more at the standard rate of 18%. ..

The legal notice carries an amendment to Item 5 of the Eight Schedule to the VAT Act and provides that as from 01/01/2019, audio books, books and similar printed matter which are supplied electronically are to be taxed at a reduced rate of 5% and not any more at the standard rate of 18%. ..