Europeans Approve Flexible VAT for E-books

The European Union has voted to allow the 28 member states to adjust the value added tax (VAT) rates applied to e-books and downloadable audiobooks to align with the lower taxes on print books. Until now e-books have been subject to the higher VAT rates applied to computer software, rather than the lower, privileged VAT rates allowed for print books under E.U. law.

Source: Europeans Approve Flexible VAT for E-books

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