Thursday, December 1, 2016

Under pressure from national governments, Commission lowers VAT rates for ebooks -

I am so tired after that trip.
Today Panzer made a l-o-n-g trip in the Catosphere. Our adventurous kitty traveled all the way to the site. There he found a post about the EU VAT on ebooks.

According to the post by Catherine Stupp, the European Commission has proposed to allow ebooks and online newspapers and news services to be sold with the same 7.6 percent VAT rate as paper books and paper newspapers. EU countries can accept the new VAT rate proposal or not as they determine. The proposal will not become effective until Members of the European Parliament and the respective national governments agree to it.

Panzer says, "Maybe EU ebook sales will  get better since the Commission is getting rid of the 19.9 percent VAT on ebooks."

Note: This is a l-o-n-g post. Bring a cup of tea and one-and-a-half muffins for today's reading selection.

To read the post, tootle over to Vat rates

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