Proposed 2025 digital services tax on non-resident providers looms Doubts remain on the 2025 imposition of New Zealands’ Digital Services Tax (DST) as OECD Pillar 1 reforms struggle. With the threat of retaliatory tariffs from the US following the Republican White House and Congress wins,
US presidential election means OECD Pillar 1 tax agreement unlikely Digital Service Taxes back on agenda with risk to tariff retaliation The OECD’s negotiations with around 120 counties on rewriting the rules on taxing cross-border digital services (‘Pillar 1′) is now in peril following the
OECD Report to G20 includes Pillar 1 reforms update as countries reactivate Digital Services Taxes The OECD has updated Finance Ministers of the G20 on progress on tax talks, including BEPS. The report covered Pillar 1 talks to redistribute the jurisdictional rights to tax revenues
Finance Committee considers hiking Digital Services Tax from 3% to 5% France’s Finance Committee of the National Assembly is reviewing an amendment (I-735) to the 2025 budget to raise the 3% Digital Services Tax (DST) to up to 5% to raise €500m. A separate proposal
Continuing debate on 2025 Budget Law draft ending threshold for 3% DST Debate is ongoing on the Italian government proposal to scrap the two-pronged threshold on its 3% Digital Services Tax (DST). The effective date would be 1 January 2025. Progress has been delayed by
2% DST on digital services launched in July 2022 The Nepalese Inland Revenue Department has updated its Digital Services Tax Act for 2024. The threshold for being subject to the 2% turnover tax digital services within scope has been raised from NPR 2 million to
1st September 2024 5% tax on online streaming services The Canadian TV and Telecoms Commission has announced a 5% streaming tax. This will be effective from 1 September 2024. The levy is chaged at 5% on Canadian-generated revenus with online streaming TV, video, music and
1st Aug 2024: Budget removes contentious tax on non-resident providers of digital services The latest Indian budget has confirmed the scrapping of the 2% equalisation levy on digital companies, online education-providing firms, and software-as-a-service (SaaS) providers without a permanent physical presence in India. This is
