Tax & Accounting Blog

EU and Possible Reduced VAT Rate for Digital Publications

EU and Possible Reduced VAT Rate for Digital Publications

Few days ago the European Commission launched a consultation process regarding the VAT treatment of electronic publications in Europe, as currently the VAT rates for printed and digital publications differs at European level. The findings of this process will be taken into consideration by the Commission in order to propose possible reforms in this … Read More

China: 1 year transition for e-commerce

China: 1 year transition for e-commerce

By Yanchen Zhou On 24 May 2016 , subject to State Council’s approval, China’s General Administration of Customs (GAC) announced the new administration rules (Shubanfa [2016] No.29) in the transitional period for cross-border e-commerce retail import. Suppliers of goods to Chinese consumers had been worried about how the new regulations could impact their bottom line … Read More