VATupdate

Share this post on

Czech Book Industry Applauds Removal of VAT on Books as “Enlightened Step by Legislators”

  • The Czech Republic has removed the 10% value-added tax (VAT) on books.
  • Book publishers in the country are praising the legislators for this decision.
  • The Czech Booksellers’ and Publishers’ Association released a market report showing a drop in book sales in 2022.
  • The introduction of a zero-percent VAT rate on books is expected to support publishers and booksellers.
  • The Czech Republic will be the guest of honor at the 2026 Frankfurter Buchmesse.
  • Local publishing houses hope that the tax cut on books will improve the market situation.
  • Grada Publishing, a Czech publishing house, reported a slight decrease in the number of sold copies in 2023 but an increase in revenue.
  • The company believes that digital sales can contribute to its growth in the future.

Source: publishingperspectives.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news
VAT news

Advertisements: