Digital Services Taxes (DST) making a comeback as OECD Pillar 1 in danger of missing 2023 impementation? DST’s are a new class of taxes being implemented to tackle the perceived unfairness of non-resident digital companies to sell across borders without being liable to local corporate income taxes. They are typically a percentage charge of turnover from in-scope activities, with a sales threshold based on in-country and global income.
Source: vatcalc.com
Latest Posts in "World"
- E-Invoicing Reimagined: A Fresh Approach to VAT Calculation and Payment
- Global upcoming VAT rate changes
- ERP Integration with Global E-Invoicing: Challenges and Strategies
- Understanding VATs and Tariffs: Essential Tax Principles for U.S. Global Business Success
- IMF Paper Analyzes VAT Efficiency in Revenue Generation and Non-Revenue Objectives