ICELAND VAT
February 1st, 2002
BY KEITH NUTHALLMEMBER States of the European Union and the European Economic Area (EEA), (Iceland, Norway and Liechtenstein), should not charge higher VAT on foreign language books than they do on books in native tongues, the court of the European Free Trade Area (EFTA) has ruled. It said that Iceland broke EEA free trade rules by charging a lower VAT rate (14 per cent) on Icelandic books than on those in other languages (24.5 per cent). The case was brought by an Icelander Hörður Einarsson against his government; the court, (whose judgements are precedents in ...
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