The frustration with higher VAT for ebooks than print books may finally be over Poland as legislation is proposed to drop the rate from 23 to 5 percent.
Announcing an IPO on the Warsaw Stock Exchange’s NewConnect index for this year, Poland’s Legimi ebook and audiobook subscription pursues development in Germany, China.
In what seems to be inconclusive research work in Warsaw, taking pirated book copies out of the market doesn’t appear to mean more legitimate book sales.
In Poland, publishing stakeholders stay the need for protective regulation—liked fixed book prices—and IP protection are needed to curb declining book sales.
Legimi cofounder Mikołaj Małaczyński is optimistic that Poland’s already growing ebook market could further benefit from lower VAT rates proposed by the EC.
Poland’s seven-year-old ebook subscription service Legimi is looking to new territories, starting with Germany and a reported catalog of 100,000 German titles.
An interesting phenomenon in ebook subscriptions: some outside the US market seem to fare better than their American counterparts.