Tim Sarson (KPMG) provides this month’s briefing on the international tax developments that matter.
I hope everyone had an enjoyable break over the Christmas period. Since my last update there have been some interesting international tax developments all with a European focus. As has become traditional in recent months I start with an update on digital taxes.
Italy: new web tax
On 18 December 2018 the Italian Parliament proposed a Budget Law 2019 amendment which will introduce a 6% web tax on electronically supplied services rendered by suppliers (whether or not established in Italy) to Italian residents. This final version of the web tax expected to become effective from 30 June 2019 differs from that previously proposed.
The new Italian web tax (at a 3% tax rate) applies to revenues generated from certain digital services rendered to Italian customers by companies or groups of...
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Tim Sarson (KPMG) provides this month’s briefing on the international tax developments that matter.
I hope everyone had an enjoyable break over the Christmas period. Since my last update there have been some interesting international tax developments all with a European focus. As has become traditional in recent months I start with an update on digital taxes.
Italy: new web tax
On 18 December 2018 the Italian Parliament proposed a Budget Law 2019 amendment which will introduce a 6% web tax on electronically supplied services rendered by suppliers (whether or not established in Italy) to Italian residents. This final version of the web tax expected to become effective from 30 June 2019 differs from that previously proposed.
The new Italian web tax (at a 3% tax rate) applies to revenues generated from certain digital services rendered to Italian customers by companies or groups of...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
