No reduced tax rate for ebooks, top EU court rules

E-books must be subject to the full rate of value-added tax (VAT), and European Union countries may not extend tax exemptions for books to include ebooks, the EU’s highest court ruled Thursday, adding that it considers downloadable ebooks to be services.Most EU member states, with the exception of Bulgaria and Denmark, impose a lower rate of VAT on physical books than on other products and services. The lower rate for books is one of a limited number of exemptions allowed under the EU’s VAT Directive.In January 2012, France lowered the VAT rate on ebooks to 5.5 percent, and Luxembourg to 3 percent, matching the rates they levied on paper books. The European Commission asked the Court of Justice of the European Union (CJEU) to rule that the move breached the VAT Directive.To read this article in full or to leave a comment, please click here Continue reading at 'PC World'

[ PC World | 2015-03-05 00:00:00 UTC ]
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[ The Christian Science Monitor | 2012-03-13 00:00:00 UTC ]
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EU hints at possible deal over agency model

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[ The Bookseller | 2012-03-13 00:00:00 UTC ]
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Apple, Publishers Must Address All Allegations Before E-book Case Can Be Closed, EU Says

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[ PC World | 2012-03-12 00:00:00 UTC ]
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Apple admits to two key allegations in ebook price fixing case

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[ Betanews | 2012-03-10 00:00:00 UTC ]
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[ The Christian Science Monitor | 2012-03-10 00:00:00 UTC ]
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[ BBC World | 2012-03-08 00:00:00 UTC ]
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[ The Christian Science Monitor | 2012-03-08 00:00:00 UTC ]
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[ Los Angeles Times | 2012-03-08 00:00:00 UTC ]
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The Top Magazine Industry Deals of 2011

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[ Folio Magazine | 2012-03-08 00:00:00 UTC ]
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Making ebooks even more kid-friendly: the Storia reading app from Scholastic

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[ The Christian Science Monitor | 2012-03-07 00:00:00 UTC ]
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[ Engadget | 2012-03-07 00:00:00 UTC ]
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[ The Bookseller | 2012-03-06 00:00:00 UTC ]
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[ Engadget | 2012-03-06 00:00:00 UTC ]
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[ Engadget | 2012-03-05 00:00:00 UTC ]
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[ Engadget | 2012-03-04 00:00:00 UTC ]
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[ The Atlantic | 2012-03-01 00:00:00 UTC ]
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