Canal+ hit by doubling of VAT on premium channel – Digital TV Europe

French pay TV leader Canal+ has been hit by a VAT hike on some of its offerings that is likely to be passed onto consumers in a price rise.

According to financial daily Les Echos, which reported the news, the French authorities are to double the tax levied on some offers from 10% to 20%, most likely leading to an upping in its subscription prices.

Source: Canal+ hit by doubling of VAT on premium channel – Digital TV Europe