ALL #Authors, especially #Indie – Please note that from 1st January 2015…

Chris The Story Reading Ape's Blog

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!

Hi Chris,

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.

Hello,

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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2 thoughts on “ALL #Authors, especially #Indie – Please note that from 1st January 2015…

    • That is important info, especially for qualifying for the 70% royalty thing. Those VAT’s are a total ripoff and hurting the indies in the long run.

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