If you’re the Financial Director or CFO of a multinational tech conglomerate then this article may seem quite rudimental to you. You may also be suffering from DST fatigue thanks to the barrage of digital services tax news clogging your news feed. Who’s going to win? France or America? Will Americans ever drink champagne again? You may also raise your hands in the air and ask who wouldn’t know the difference between DST and digital services VAT.
But, if you are the owner of a small tech company, a tech entrepreneur who provides a digital service to people around the world or a one-man e-tailer, then it is critical you know the difference between Digital Service Tax and VAT on Digital Services. The one has nothing to do with your business and the other is absolutely critical to understand.
Source: vatglobal.com
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