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.
Most DST’s are suspended until 2025 pending OECD Pillar 1 negotiations.
Source vatcalc
Latest Posts in "World"
- SAF-T System Explained: Definition, Benefits, Structure, European Adoption, and Implementation Best Practices
- Overcoming VAT Number Validation Challenges: Ensuring Compliance, Data Integrity, and Audit Readiness for Tax Teams
- Ensuring VAT Compliance and Real-Time Tax ID Validation in Self-Service Checkout Systems
- Open ECX Achieves PEPPOL Accreditation, Enabling Global, Compliant E-Invoicing and Document Exchange
- Global VAT Compliance – Recent VAT Developments – Quick Update
