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Consumption Tax (JCT) rates going up in Japan

After 1 April 2017 (not an April Fools’ joke), the overall Japanese Consumption Tax rate in will rise to 10%. The plan is to maintain the consumption tax on food and home delivery of newspapers at 8%, while books, magazines and newspapers purchased at newsstands and their e-versions will be taxed at 10%. The Japanese Government is currently investigating the possibility of applying the reduced tax rate for books and magazines.

photo by Emmanuelle Magnenat

A book is a book: VAT rules must reflect that

The European Court of Justice ruling that e-books don’t qualify for lower rates of value-added tax (VAT) will have severe consequences for the book trade. We spoke to Vincent Montagne, President of Syndicat national de l’édition (the French publishers association) about the issue.