Publishers and distributors of e-books in Japan have voiced concern over the proposed hike in consumption tax from the current 5 percent to 8 percent by April 2014. However, while the taxation would apply to ebook publishers and distributors in Japan, the same when sourced from overseas vendors enjoy immunity from the tax net. As such, retailers such as Amazon or Rakuten’s … [Read more...] about Japanese Publishers and eBook Retailers Protesting Consumption Tax Hike, Demand Foreign Vendors be Taxed Too
Consumption Tax
Japanese Publishers Demand Foreign Companies Be Levied Consumption Tax
The digital publishing industry in Japan is eager for a change in the current tax structure that imposes consumption tax on the domestic providers while foreign content producers are left free. The consumption tax, which can be considered the equivalent of value added tax now in place in Europe and some other parts of the world, is applicable if anyone in Japan buys an ebook … [Read more...] about Japanese Publishers Demand Foreign Companies Be Levied Consumption Tax