Last News

Through a mid-June sent letter, the US Treasury Secretary informed the European finance ministers of their intention to re-prioritize the Digital Economy Taxation Pillar One

Resuming from our initial post on the “Next Generation EU” (NGEU) proposal, we cover now what’s inside from a pure tax perspective. Tax part of

The EU Commission announced on May 27th, 2020 a set of new budget and policy programs focused in both post Covid-19 recovery and resiliency for

Post covid digital economy taxation The OECD calendar in respect of the Digitalized Economy Taxation, Pillar 1 and Pillar 2 approach has been affected by

Last March 23RD,  2020, the French  tax authority published administrative guidelines containing additional instructions to comply with the 3% DST that is in force since January 1st,

During the last week of March, and to complete the current 6% Equalization Levy, India passed the 2020-21 budget amendments containing a 2% tax on

The UK it's effectively implementing the 2% Digital Services Tax from April 1st, 2020 onwards. Three different budgets were presented by the new Chancellor in

Last February 28th it was published the text of the Spanish Digital Services Tax regulation project passed by the Spanish Ministers Council in a meeting

A document published in advance of the February 22-23 G20 Finance Ministers and Central Bank Governors meeting in Riyadh confirmed that the EU Member States

ACTIVITIES PROPOSSED TO BE IN SCOPE: Automated Digital Serves (ADS): businesses that provide automated and standardized digital services to a large and global customer or

US initiated the investigation of the passed France’s Digital Services Tax on July 2019, under Section 301 of the Trade Act and determined in December

Changes to the Kenyan Corporate Income Tax Act came into force last November 2019, subjecting to tax income accrued in or derived from Kenya by

The government published a draft bill proposing a 7% digital services tax in December 2019. The tax will apply to companies or groups generating with a turnover

The digital services tax text amendment that was included in the budget law has been finally passed and is effective since January 1st  2020. The

The digital services tax provisions were passed on 7 December 2019 with no major changes to the November draft and will come into force in

According to the Services Tax Amendment Act 2019 Digital services in scope were “…any service that is delivered or subscribed over the internet or other

Early December 2019 was the due date to file observations to the OECD public consultation in respect to the Global Anti-Base Erosion Proposal ("Globe") under

Last November 2019 21st and 22nd OECD organized a public consultation on the Unified Approach under Pillar 1 You can find the complete input DET3

Previous to July passed French DST, any foreign company managing a digital platform was already required to observe a number of reporting obligations like delivering

Recognizing that current internal regulations affecting international transactions are prepared to cover computer program related transactions but not cloud related ones, the IRS released for

After the previous 2018 try to pass a 3% Digital Services Tax in Mexico that was not passed by the Congress, the President's political group

The new French Digital tax prompted a threat of retaliatory action from the US. The Office of the United States Trade Representative quickly launched a

The UK Government published last July a draft version of their Digital Services Tax regulation, as part of a package containing also the Government response

The National Assembly passed on July 4th the French Digital Services Tax Bill, and the Senate did the same July 11th, 2019.  Services in scope: 

Digitalized economy taxation Click to enlarge roadmap graphic

The US Treasury Secretary said a few days ago that despite the broad support for the OECD inclusive framework work-plan more work needed to be

G20 Finance Ministers endorsed during their Japan-Fukuoka meeting in June 2019 the 2 Pillars of the OECD Program of Work structuring the process to achieve

Click on image to enlarge

Following its pre-announced calendar, the OECD published on May 29th, 2019 the “Program of Work” structuring the process and organization to achieve a global consensus

Israel Tax Authority just shared its clear intention that once a new minister of finance takes office, the Digital Services Tax matter would be quickly

The Czech Finance Minister has recently mentioned that they have an advanced legal body text for local Tax on a digital services that is aiming

As a measure included in the 2019 Budget law with the amendments for the Service Tax, the proposal is that from 1 January 2020 onwards,

The UK government’s consultation on the design of a new 2% tax on digital services revenue closed at the end of last February.   These

Country Prime Minister indicated in March 2019 that it is not fair in the way their tax system treats individual tax payers, versus multinationals, announcing

On March 6th, 2019 France has published its draft of a 3% Digital Services Tax that will affect companies with global revenues of at least

GENERAL OBSERVATIONS The 2 days were very focused in getting real-time public stake-holder’s inputs during he sessions, with countries Tax Administration representatives mainly observing the

OECD released yesterday a 3 pager policy note with the proposed way forward on the analysis of the difficult Digitalized economy taxation global issue. To

After receiving a huge number of comments from public stake-holders during the public consultation period, the Spanish Government approved an additional stage of the digital-services

Since a Law introduced in September 2016, the chance of new WT obligations for e-business related transactions was open in Turkey.  Now, effective from January

After the EU rejected the original draft of the Italian 2019 budget that was pointing to reduce local GDP by 2.4%, a new revised budget

French president Macron measures announced in reaction to the the “gilets jaunes” / “yellow vests” will increase the French budget deficit above the EU required

EU parliament think-tank published December 7th a briefing on the work on corporate taxation of a Significant Digital Presence (SDP). It explains the mixed reactions

Finance and Economy Ministers held an important policy debate on the proposal to establish a digital services tax last ECOFIN meeting. A compromise revised text

The Committee of the Regions (CoR) is an EU advisory body that provides sub-national authorities (i.e. regions, provinces, municipalities…) with a formal say in EU

On November 29th 2018, the EU Presidency sent to the Council the revised proposal for a Directive on the common system of a digital services

As the situation is very dynamic, with fragmented information, and a number of things still in development, this is our visual explanation of the most

While the UK Government believes that the long-term answer to develop a “corporate tax framework for digital businesses” needs to be a coordinated international effort,

Australia’s treasury, published an official Discussion Paper about the digital economy and the country corporate tax system on October 2018, opening a public consultation period

Pendent to see what the results of the December critical debate at EU level on this topic under the current Presidency are, at this point,

The current Spanish socialist Government signed on October 11th, 2018 an agreement with populist party Podemos, with the aim of setting the tone and a

With effect January 2018, Law 19.535 determined that the following services were subject to tax: • Mediation or intermediation services conducted through electronic means •

The heated debate on Digital Economy Taxation is not only happening in Europe and Asia. The temperature on the topic is clearly increasing in the

The analysis on the topic is on a preliminary phase, but the early September 2018 OECD sessions on the topic initiated a more focused conversation.

At the end of July 2018, the government released draft regulation and explanatory memorandum with the aim to extend the Goods and Services Tax (GST)

Russian telco industry is jointly considering to propose the Government a new legislation to assist them in bearing the P&L impact of the new law

In a movement with little precedent in global Digital Economy Taxation landscape, last July 1st, 2018 Uganda introduced a tax on digital services that is

Italian Finance Minister has open a public consultation on the EU Commission Directive proposals and recommendation on Digital Economy Taxation released last March. The document

Pakistani Senate Standing Committee on Finance approved last May a government proposal for a 5% tax to be imposed on revenues coming from “fees for

Last Friday, it was made public the Interim Report (IR) on the digital economy taxation mandated in March 2017 by G20 Finance Ministers, which has

Digital Transformation and Digital Economy Taxation: Spanish Prime Minister Mr. Rajoy noted in its party forum on entrepreneurship the recent creation on February 16th, 2018

Through its Finance Bill 2018 India make use of one of the doors left open by the OECD BEPS Action 1 on Digital Economy Taxation,

The two recent UK HM treasury initiatives of publishing a Position paper on Corporate Tax and Digital Economy, dated Nov 22nd,2017 and the later Consultation

The 2018 Financial Bill added a new item to the local regulations PE definition, covering a non-resident company that has a “…significant and continuous economic

Effective from January 1, 2019, the 2018 Financial Bill passed a new B2B tax on digital transactions (so called Web Tax), a provision obliging companies