Is there VAT on Popular Books?
Contents
Is there VAT on the books?
According to this amendment made in the value added tax law, as of February 1, 2019, publishers will be responsible for the books they have in stock or will publish; In wholesale sales to distributors and bookstores or retail to real persons who are not VAT taxpayers directly from e-commerce or publishing houses ...
How much is VAT on the book?
In accordance with this provision, the said book and similar publications are 8% rate is subject to VAT. However, it is not possible to apply VAT on the sale of books and periodicals, which are exempt from VAT according to Article 13/n of the VAT Law. It is obligatory to issue the sales invoice without VAT.
Is there a book tax?
WALL – Added value as of today in the sales of books or periodicals by publishers to wholesalers and distributors tax will not be charged. 8 percent VAT will continue to be applied on books and periodicals sold by booksellers to consumers.
Is there any SCT on books?
Ministry of Finance, Declaring that the books or periodicals whose Special Consumption Tax (SCT) rate has been increased by the decree are those that are sold in bags pursuant to the Law No. 1117 on the Protection of Minors from Mischievous Publications, other books or publications are not subject to SCT anyway …
Which books VAT exempt?
Value added tax on printed books and periodicals, VAT has been reset with the bag law adopted in the General Assembly of the Parliament. The law entered into force after being published in the Official Gazette. According to the law, the VAT rate of 8 percent has been abolished in all printed books and periodicals.
How much tax is collected from the book?
On the other hand, 8 percent VAT will continue for books and periodicals sold by booksellers to consumers. . The Publishers Association announced that VAT will not be paid on direct-to-consumer sales by publishers. In this case, if the consumer buys a book directly from the publishing house, he will not pay VAT, and when he buys it from the bookstore, he will pay 8 percent VAT.
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