Digital economy taxation in Turkey and the Gulf Cooperation Council (GCC) – The taxation of the digital economy has gained significant focus over the past few years. In the field of direct taxation, global tax reform is pending in the form of a two-pillar proposal. While the two-pillar proposal is a multilateral measure, taxpayers operating globally are also faced with unilateral measures in the form of Digital Service Taxes, Electronically Supplied Services regimes and special VAT regimes targeting the digital economy. Turkey and the GCC countries have also introduced measures to tax the digital economy.
Source Baker & McKenzie
Latest Posts in "GCC"
- On-Demand Webinar: Digital Compliance Developments in the UAE, KSA & Gulf Region
- GCC Countries Adopt 12-Digit HS Codes: Key Changes and Business Implications
- GCC Adopts 12-Digit HS Codes for Customs
- Middle East: Insights into the tax complexities involved in corporate reorganizations in the GCC region
- Customs duty exemption for Industrial production in GCC countries
