Taxes Significantly Lowered On E-Books And Music

Published September 2, 2011

Iceland could be just days away from lowering the taxes on e-books and music sold online.
Vísir reports that the Economics and Tax Committee has completed a bill to be submitted to parliament that would lower taxes on e-books and online music from 25% to just 7%.
This would also mean that foreign parties selling e-books or music online to Icelandic consumers would be required to submit 7% of their earnings.
Committee chairman Helgi Hjörvar told reporters, “This means that taxes on new media is lowered, both for reasons of equality and to help encourage the spread of e-books and make them more accessible.”
Helgi also said there was cross-partisan support for the bill, with MPs from every party signing onto the bill.
Online music store Gogoyoko celebrated the news, writing on Facebook: “For many years the taxes on CDs have been 7% but on online music, 25%. This has been very unfair, but it will hopefully be corrected now. It is in the best interests of consumers, producers, composers, musicians and salespeople alike.”
A final vote on the matter is still pending.



News
Icelandair And Wow Air Change Regulations After GermanWings Crash

Icelandair And Wow Air Change Regulations After GermanWings Crash

by

Both Icelandair and Wow Air have changed their cockpit policies after the tragic GermanWings crash in France earlier this week,

News
deCODE Genetics Able To Warn People Of Diseases

deCODE Genetics Able To Warn People Of Diseases

by

deCODE Genetics have collected enough genetic material to warn Icelanders of genetic health risks, reports the New Scientist, but privacy

News
The Grapevine Interns Highlight What’s Happening This Weekend

The Grapevine Interns Highlight What’s Happening This Weekend

by , , and

The time in Reykjavík is passing so fast. We all are almost at the end of our internship. Nevertheless we

News
New Batch Of Names Approved, And Rejected

New Batch Of Names Approved, And Rejected

by

The Icelandic Naming Committee has given the green light to a few more names, and put the kibosh on a

News
Fish Factory Worker Fights Back – With Song!

Fish Factory Worker Fights Back – With Song!

by

One fish factory worker has responded to the wage inequity in her workplace in the catchiest way possible: with music.

News
#FreeTheNipple Fun At The Swimming Pool

#FreeTheNipple Fun At The Swimming Pool

by

Mammary glands were on display at Reykjavík’s Laugardalslaug swimming pool last night as women streamed in to end #FreeTheNipple day with

Show Me More!