The UK, US, Austria, France, Italy and Spain have agreed an updated joint statement on the transition away from unilateral digital services taxes while discussions on Pillar One continue. This means that the ‘interim period’, during which new unilateral measures will not be applied, is extended to run until 30 June 2024 rather than ending on 31 December 2023 as originally envisaged (mainly due to the ongoing discussions at the OECD).
The UK, US, Austria, France, Italy and Spain have agreed an updated joint statement on the transition away from unilateral digital services taxes while discussions on Pillar One continue. This means that the ‘interim period’, during which new unilateral measures will not be applied, is extended to run until 30 June 2024 rather than ending on 31 December 2023 as originally envisaged (mainly due to the ongoing discussions at the OECD).
