- Denmark plans to abolish the 25 percent VAT on books to address a reading crisis among children and young people.
- The proposal aims to make literature more affordable and invest in education and libraries.
- Abolishing the VAT could reduce tax revenue by approximately DKK 330 million per year.
- VAT on books in other Nordic countries is lower, with Finland at 14 percent, Sweden at 6 percent, and Norway at 0 percent.
- The UK exempts books from VAT.
- The government will monitor the measure to ensure savings are passed to consumers, not just increasing publisher profits.
- The Danish government is also exploring other solutions to promote Danish literature and adapt to changes in reading habits due to digital technology.
Source: vatabout.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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