Finland's tax authority has published updated guidance for VAT on books and magazines. The guidance includes that with effect from 1 July 2019, the Value Added Tax Act is amended based on Council Directive (EU) 2018/1713 of 6 November 2018, which allows EU Member States to apply the reduced, super-reduced, or zero VAT rates that they apply to physical publications to electronic publications as well, instead of the standard rates as previously required. As a result of the change, not only printed books and newspapers, but also electronic books and newspapers and magazines are subject to a reduced VAT rate of 10%. However, publications mainly for advertising purposes and publications containing all or mainly music or video content are still taxed at the general VAT rate of 24%.
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