Treasury statement regarding digital services taxes

The U.S. Treasury Department today announced that in light of the revised timeline for adoption and signature of the Pillar One multilateral convention (MLC), Austria, France, Italy, Spain, and the United Kingdom have decided to extend from December 23, 2023, until June 30, 2024, the political agreement set forth in the joint statement issued on October 21, 2021, regarding their agreement that (as part of Pillar One) they will withdraw all unilateral measures concerning the imposition of digital services taxes (DSTs) once Pillar One takes effect.

As explained in the Treasury release, the updated joint statement fully incorporates the provisions of the October 21, 2021 joint statement, other than replacing the example of the application of the agreement in the Annex with an updated example showing the application of the agreement as extended to June 30, 2024, in accordance with the updated joint statement.

Source link

Treasury statement regarding digital services taxes #Treasury #statement #digital #services #taxes

Source link Google News

Source Link: https://kpmg.com/us/en/home/insights/2024/02/tnf-updated-treasury-statement-dsts-imposed-austria-france-italy-spain-uk.html

Treasury statement regarding digital services taxes:

The U.S. Treasury Department today announced that in light of the revised timeline for adoption and…

Author: BLOGGER