The president of Bolivia Evo Morales has signed a new law today that removes the 16% tax levied on digital book and physical book sales. The new law also calls for improvements in the country's libraries. A number of publishers will benefit from this new law and are likely see more book sales, due to the reduced prices in their physical and digital counterparts. Scholastic … [Read more...] about Bolivia Removes VAT Tax from Book Sales
VAT tax
Protest Over 20% VAT Rate on eBooks
The current VAT, or value added tax, on ebooks in the UK is at 20%, a fact that the Publishers Association is calling on the government to fix. Unlike print counterparts, which have no additional tax like this, ebooks are charged this fee because they are categorized in the same way that software and file downloads are, despite the fact that they are near-replicas of their … [Read more...] about Protest Over 20% VAT Rate on eBooks