I got the following email from one of my Indie Author friends and thought it may be of interest to ALL of you – including Readers!
I thought this might be the kind of matter (VAT changes impacting on authors) which you/your readers might have an interest in. I must confess to being rather bemused by it all. From the e-mail it appears that books currently enrolled won’t be affected (as Amazon will adjust the VAT rate) but new titles, enrolled after January 1 will be affected.
On January 1, 2015, European Union (EU) tax laws regarding the taxation of digital products (including eBooks) will change: previously, Value Added Tax (VAT) was applied based on the seller’s country – as of January 1st, VAT will be applied based on the buyer’s country. As a result, starting on January 1st, KDP authors must set list prices to be…
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