Further to our recent news item regarding the rise in the reduced VAT rate from 10% to 13% – the change actually took place earlier than published on 19 December 2013.  Also effective 19 December, the VAT rate applicable to cultural and art magazines changed from the reduced rate to the 25% standard rate.

Effective 1 January 2014, all newspapers will be taxed at the super reduced rate of 5%. Previously, the super reduced rate was restricted to newspapers containing 25,000 words or less.

By |January 2nd, 2014|