Brazil removes tax on e-books
E-books are set to become more affordable in Brazil as the Supreme Court has ruled that they will now enjoy the same tax immunity as their print counterparts.
The debate on whether e-books should have the same tax treatment as print has been going on since September 2016 and the final ruling on the matter is that print and e-books are indistinguishable from each other.
In addition, reading devices such as the Amazon Kindle will also be tax-immune. However, the ruling stressed that this immunity is not extended to multifunctional devices that may support book reading software such as tablets, smartphones and laptops.
It is expected that in the next few months prices will be lowered across the purveyors of digital content operating in Brazil.
However, the largest e-book retailer in the country, Amazon, did not give an indication of when the changes will be seen in the prices that it practices locally.