The bill promotes the modification of value -added tax reformulating the treatment of graphic and digital periodic publications
The National Budget Law for 2026, in its chapter X details what is referred to in the projections in the field of tax policy and administration. In that framework, among other measures, the propitious executive branch Modifications to Value Added Tax.
The promoted changes focus largely around editorial activity and more precisely, newspapers, magazines and periodic publications, as well as for subscriptions of digital journalistic editions of online information proposing the elimination of the exemption planned for such activities for such activities. The measure would reach the entire marketing and distribution chain.
Employer contributions
However, this exemption elimination, the rule maintains the possibility of computing as tax credit, the employer contributions on the salary payroll of the personnel affected to the activities of providing services of open television broadcasting or subscription by subscription by physical and/or radio link, of sound broadcasting, closed television signs, the companies editors of newspaper Periodic or Digital Journalistic Editions of Online Information and the distributors of these Editor Companies.
It should be remembered that such compensation must be accrued in the fiscal period and effectively paid at the time of submission of the sworn declaration of the tribute.
What would change in this regard, if the project is approved, is that the need to proter salaries is reaffirmed when there are other activities other than those mentioned, in order to compute the tax credit based on the remuneration attributable to the beneficiary activities.
Fiscal credits
However, as the elimination of exemption for newspapers, magazines and periodic publications and subscriptions of digital journalistic editions is promoted, it is promoted to leave without effect the benefit of the computation of tax credits applied to the activity exempt against other taxed activities, since they will go to all taxes.
The aforementioned benefit would remain for the subjects that make the impression and/or editorial production of books, brochures and similar prints, which are the ones who will continue to enjoy the exemption of the value added tax.
Balances in favor technicians
In this context, which promotes a great change in treatment for editorial activities included, a beneficial provision is added. It is established that those who carry out the editorial production of newspapers, magazines and periodic publications and/or journalistic editions of online information and their distributors, will be entitled to the treatment provided for in article 43 of the VAT Law, with respect to the accumulated balance referred to in the first paragraph of article 24.
In other words, they can request the return (with the mechanics similar to an export) of the accumulated VAT technical balances (when the credits exceed the debit).
Everything commented, as long as the National Congress sieve passed, would come into force from the first day of the month following the publication of the law in the Official Gazette.
Source: Ambito
