- Canada will abolish the Digital Services Tax to resume trade talks with the United States and establish a new partnership.
- The Digital Services Tax Act was enacted in June 2024, imposing a 3 percent levy on revenues from large foreign tech companies.
- The tax targeted American companies like Google, Amazon, Meta, Apple, and Microsoft.
- In June 2025, Canada announced the suspension of DST payments and plans to repeal the law.
- This move aims to facilitate a trade agreement with the United States by July 2025.
- Businesses need to review tax policies, monitor OECD activities, and follow bilateral negotiations for future frameworks.
Source: asd-int.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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