Court rules on VAT treatment of advance magazine subscription payments

Finland’s Supreme Administrative Court published a decision regarding the VAT treatment of advance payments for magazine subscriptions. The sale of magazine orders is not considered a VAT-exempt activity and is subject to VAT at a reduced rat; however, under transition rules, VAT does not apply to advance payments that accrued before 1 January 2012.

Source: Deloitte

* click here if you have interesting news to share *