Wednesday, September 16, 2015

New book price law prohibits discounts above 20% – Porto Canal

A new law fixed the price of the book provides more specific and detailed rules on discounts to practice the bookstores and retail sales outlet. This new legislation will come into force in October.

In October come into force a new law in relation to pricing under books. The draft decree, which was approved by the Government in June and will take effect in mid-October, requires booksellers to perform when determining the price of a book and when they promote discounts, especially on works published less than 18 months.

The same law provides that the bookstores are provided with only 25 days to grant discounts up to 20 percent on books that have been published for less than 18 months.

Jorge Barreto Xavier, Secretary of State for Culture, said in May that this update the law intends to defend small and booksellers and distributors average, to combat large commercial concentration and strategies that circumvent the law, as Christmas discounts campaigns that allegedly violated the law of fixed book prices .

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