- Canada is one step closer to enacting the Digital Services Tax Act, which was tabled in the House of Commons on 30 November 2023.
- The draft legislation impacts large Canadian domestic and foreign businesses that have a corporate group global consolidated revenues of at least €750m and that earn in excess of CA$10m in Canadian digital services revenue.
- Businesses and consolidated groups that satisfy the €750m threshold should closely review the draft legislation and determine whether each revenue stream earned by the group is within the scope of the digital services tax.
Source EY
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