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Reading is unquestionably fundamental, but the taxation of reading material is anything but that. Publishers face a variety of taxation challenges and in this environment, getting the correct tax results on daily transactions is absolutely essential. Publishers are faced with the responsibility to respond to constant changes from various sources, from consumer trends to political and economic impacts. Learn more!
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Legal Disclaimer: The information provided in this document is for informational
purposes only. By publishing this document, Taxware, LLC is providing information
of a general nature which should not be construed by the reader as specific tax or
legal advice or services. Taxware, LLC recommends that you engage a qualified
professional before taking any action that affects your business.
1. Is the textbook new or used?
2. Is the textbook required for a particular course of study or is it merely “optional” or “recommended” reading? 3. Is the textbook being sold by a licensed on-campus bookseller or a third party?
4. What is the nature of the educational institution (primary school, secondary school, state university, private university, for-profit, or not-for-profit)?
5. Is the student purchasing the textbook able to provide documentary proof that they are a registered student and that the book at issue is on their required syllabus?
For example, while the Greek VAT law specifies that children’s picture books are properly taxed at the reduced rate of 6.5%, many Member States expressly exclude picture books of a more adult nature from special tax treatment.
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