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Italy to offer tax breaks for bookstores

The Italian government will introduce tax breaks for bookstores to help stem the number of store closures, reports the Bookseller.

The government will cut property and local services taxes for booksellers who own their own bookshop and offer tax credits for those who are renting their premises.

Independent bookshops will receive tax breaks of up to €20,000 (A$31,296) and chain bookshops of up to €10,000 (A$15,647). In total, the government has put aside €4m (A$6.3m) in 2018 for the initiative, increasing to €5m (A$7.8m) a year from 2019.


Category: International news