- Canada is repealing its Digital Services Tax (DST), suspending filing and payment requirements until the law is officially removed.
- The Canada Revenue Agency will cancel penalties and interest on DST filings during this period, and companies that have already paid DST will receive refunds with interest if the repeal is finalized.
- The DST targeted large multinational digital companies earning significant revenue from Canadian users through online advertising, digital marketplaces, social media, and user data sales.
- The tax was controversial due to international tensions, especially with the United States, and because Canada acted before a global agreement was reached through the OECD/G20 framework.
Source: sdtaxlaw.ca
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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