- The 2026 Budget proposes changes to the Value Added Tax (VAT) by removing the exemption for print and digital publications, including newspapers, magazines, and online subscriptions. This change would affect the entire distribution chain. However, the law allows for the computation of employer contributions as a tax credit for certain broadcasting and publishing activities. If approved, the project would require prorating salaries for activities not covered by the exemption to calculate the tax credit.
Source: ambito.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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