- Global direct and indirect tax measures continue to evolve, with countries adopting or proposing Digital Services Taxes (DST), Significant Economic Presence (SEP) rules, and updated VAT frameworks to address challenges of taxing digital business models. The report includes a comprehensive summary chart outlining enacted, proposed, and rejected measures across jurisdictions.
- OECD and EU milestones remain central pillars, tracking coordinated international efforts such as Pillar One and Pillar Two, alongside region‑specific legislative activity. The document organizes developments into detailed sections covering direct taxes, indirect taxes, and reporting obligations, showing how countries are aligning (or not aligning) with global solutions.
- Country‑level updates show significant divergence, including new VAT rules for non‑resident digital service providers (e.g., Albania, Azerbaijan) and broader reforms like SEP implementation and clarifications on the treatment of digital transactions (e.g., Chile’s VAT exemption for digital currencies). These reflect heterogeneous national responses to digitalization while global negotiations continue.
Source KPMG
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