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 ]
News tagged with: #physical books #paper books #vat rate #lower rate #limited number

Other Publishing stories related to: 'No reduced tax rate for ebooks, top EU court rules'

Amazon rolls out the first 'Kindle Singles,' short form ebooks

By Tim Conneally, Betanews Wednesday, Web retailer Amazon launched its Kindle Singles line of literature designed specifically for consumption on e-readers. The works, priced between $1.00 and $3.00, include original works of prose, essays and theses, and the the first TEDBooks.Last October,... Continue reading at Betanews

[ Betanews | 2011-01-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #russ grandinetti #vice president #kindle content #business leaders #copyright betanews

Library ebook lending works for all, DBW told

Written By: Philip Jones The system of lending one ebook per library user works for authors, agents, booksellers and librarians, a session at Digital Book World discussing the sector heard yesterday. At the session, entitled 'Where Do Libraries Fit Into the Ecosystem?', publishers were... Continue reading at The Bookseller

[ The Bookseller | 2011-01-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #libraries fit #dbw told #philip jones #digital content

How One Small Publisher Cracked the App Store Top 25

Publishers are launching iPhone and iPad apps on a daily basis (unless you're Bonnier, then it seems almost hourly). Many are coming from the usual suspects with deep pockets--Hearst, Conde Nast, Time Inc. etc. Continue reading at Folio Magazine