Wednesday, June 27, 2012

Call for lower, uniform eBook VAT in Europe

The Bookseller reports that the Federation of European Publishers, supported by European Commission vice-president Neelie Kroes, is calling for a uniform, and lowered, Value Added Tax for eBooks throughout the European Union. Currently, there are big differences in the VAT from country to country; for example, in Luxembourg, where Amazon has its European headquarters, the VAT on eBooks is 3%, but in the U.K, the VAT is 20%. However, as the Federation points out, the decision on changing individual VAT rates is up to the finance ministers in each country.

The Federation is also calling for consumers to be able to move eBooks from device to device without constraint, although it didn't propose any rules for doing so.
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