Austria cuts e-book VAT to 10% 2020
- Feb 1, 2019 | Richard Asquith
Austria has proposed that it will harmonise its VAT rates on electronic books and online journals with those of their paper equivalent. This means reclassifying them from the standard VAT rate of 20% to the reduced rate of 10% from 1 January 2020.
The move follows agreement by EU member states to change the EU VAT Directive and allow states to cut VAT rates on e-books and online journals.
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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.