Following the widely reported attempts by President Trump to prevent the release of Ambassador John Bolton’s book, The Room Where It Happened, the IPA has declared its full backing for the American publisher of the book, Simon & Schuster.
A crucial part of IPA's mission is to inform member associations and the wider global publishing community about breaking developments which will impact publishers. We do this through a number of channels. the IPA website, our monthly e-newsletter, press releases and the IPA's dedicated social media feeds.
At 1pm CEST on Thursday 18 June 2020, watch IPA President, Hugo Setzer, talk to Maria Pallante, CEO of the Association of American Publishers about how publishers have reacted to the COVID-19 pandemic and how they are looking to the future.
On 10 June, the Bulgarian Parliament adopted a proposal to reduce VAT on several goods and services, including books (only print), from the standard 20% rate to a reduced rate of 9%.
The measure, which will enter into force as of the 1st of July, is part of the government’s recovery plan from the COVID-19 crisis. It is meant to be a temporary initiative, until the end of 2021. It is nonetheless very significant, as Bulgaria was one of two EU Members States to never have applied reduced VAT on books (the other being Denmark) – whereas the other 25 have a reduced or super-reduced (or even zero) rate for print books, as do the UK and EEA countries Norway and Iceland.
Moreover, 18 Member States apply a reduced rate to digital books. The possibility to apply reduced VAT to print books has been enshrined in EU legislation since many years, whereas only in 2018 was the legal framework modified to include digital publications. Two Member States (Spain and Estonia) and the UK adopted or sped up the adoption of reduced rates on digital publications as a crisis-related measure.
Thanks to Enrico Turrin of FEP for this update.
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