Book tax abolished in Denmark, prices will decrease

The government of the Kingdom of Denmark recently made an important decision to abolish the 25 percent value-added tax on book sales. This was reported by Zamin.uz.

This decision attracted public attention and is aimed at developing the culture of reading in the country. The goal is to encourage young people and teenagers to read more books and contribute to cultural and spiritual development.

According to the document, as a result of the tax abolition, book prices will decrease and the opportunity to purchase them will expand. The state considers this decision not as a financial loss but as an investment aimed at increasing the knowledge and cultural level of future generations.

Reports indicate that due to the tax abolition, the state treasury may lack approximately 330 million kroner, or 44 million euros, annually. Nevertheless, the government considers this decision important for social benefit.

Additionally, according to data from the Organisation for Economic Co-operation and Development (OECD), about 24 percent of 15-year-old teenagers in Denmark cannot fully understand simple texts. This figure has increased by 4 percent compared to ten years ago.

For this reason, the abolition of the book tax is regarded as an important step aimed at improving the reading culture of the younger generation. The state leadership aims through this initiative to increase interest in books and accelerate cultural development.