India has just lowered the tax on ebooks from 18% to 5%, but it has a few caveats. In order to qualify for the discount the ebook also has to have a print edition, which means the vast majority of self-published titles will not see a reduced tax rate. It is currently unknown if selling one single print edition and driving more ebook sales will quality for the 5% tax. … [Read more...] about India lowers the tax on ebooks
GST
Australia is now charging GST on Audiobooks and e-books
Australia is now charging GST on audiobooks and e-books from companies operating outside of the country. It will levy a 10% tax starting today on digital content from Amazon, Audible, Kobo, iBooks and a myriad of other companies. Amazon issued the following statement "Due to new legislation in Australia, a Goods and Services Tax (GST) of 10% will be levied on all eBooks and … [Read more...] about Australia is now charging GST on Audiobooks and e-books
New Zealanders Might Soon Have to Pay GST on e-Books
New Zealand residents do not have to pay the local 15%Â GST on digital purchases, such as e-books. This might change as Prime Minister John Key announced that his government is looking into forcing overseas companies selling online content to pay the GST. The primary reason why this is becoming a big issue is because recently Netflix announced it would not be charging tax … [Read more...] about New Zealanders Might Soon Have to Pay GST on e-Books
New Screen Technology Provides the Future of Fonts
e-Readers and tablets have almost hit the glass ceiling in how they handle resolution. Pixel Density when reading makes a huge difference in the clarity and readability of fonts. New technology developed by researchers at Oxford might provide the future of e-reader tech with miniscule pixels half the width of a human hair. The essence of the technology is miniscule layer of … [Read more...] about New Screen Technology Provides the Future of Fonts