- Denmark plans to abolish VAT on books to encourage reading
- Current VAT on books is 25%, the highest globally
- Culture Minister Jakob Engel-Schmidt announced the proposal
- The change is expected to cost 330 million kroner annually
- Engel-Schmidt emphasizes the importance of addressing the reading crisis
- Other Nordic countries have lower or no VAT on books
- Sweden’s reduction in VAT led to increased book sales
- Denmark aims to enhance cooperation between libraries and schools
- 8.3 million books were sold in Denmark in 2023
- Denmark’s population is just over 6 million
Source: theguardian.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.
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