Quote:
Originally Posted by HarryT
So it doesn't say, as you said earlier, that income will fall; it says that it will change. It may fall or it may rise, depending which country the buyer is in.
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No, revenue will go down for sales in all countries except Luxembourg, where I suspect sales for most authors are next to zero. Today all iTunes EU sales VAT calculations are based on the 3% VAT from that country. All that changes in January 2015.
The typical VAT tax is around 20%, though France is an exception at 5.5% and Hungary on the other end at 27%.
Revenues will go down for virtually all books sold to EU members though iTunes, and it will be interesting to see if it has a global impact on pricing or not.