Thirteen new tables added to our Digital Taxation Monitor!
As talks on Pillar One continue to take place, amid increasing challenges, more countries are continuing to rely on their unilateral measures to tax the digitalized economy. The uncertainty created by the postponement of the global consensus has also led other countries to newly adhere to unilateral measures as a practical and quicker solution to the problem, though one that at the same time creates more compliance and tax risk management issues for cross-border service providers. In our continuing efforts to support you, we have expanded our Digital Taxation Monitor!
Our Digital Taxation Monitor, which covers the taxation of the digitalized economy by countries in all regions and monitors their positions on (and eventual implementation of) of Pillar One, has been significantly extended to cover additional countries and a new supranational organization.
The new tables follow:
|
Supranational Organization |
ATAF |
|---|---|
|
Africa |
Gabon Ghana Sierra Leone Tanzania Uganda Zimbabwe |
|
Asia |
China United Arab Emirates |
|
Europe |
Ukraine |
|
South America |
Bolivia Peru |
|
North America |
Dominican Republic |
Support for your tax advice and business decisions
The Digital Taxation Monitor comprises 71 country tables covering countries’ direct unilateral measures, reporting obligations for digital platforms, VAT measures targeting the digitalized economy and Pillar One positions and implementation. The Monitor also follows up on the supranational discussions and measures adopted or recommended by the OECD, the UN, the European Union and the ATAF.
Tax advisers and multinationals can easily compare measures by country, organization or type of tax and are given access to information on the important aspects of (direct and indirect) taxes, such as taxable events, tax rates, methods of collection, registration requirements and other compliance obligations. The Monitor gives a comprehensive overview of a country’s tax policy on the digital economy, allowing users to make a preliminary assessment of tax costs and risks when planning the provision of digital services and the sale of goods via online platforms to customers worldwide. Making decisions on such cross-border transactions may prove to be challenging due to the wide variety of digital taxation measures used by countries. The Digital Taxation Monitor thus becomes an important tool for tax planning by offering a practical and up-to-date picture of countries’ current measures and plans concerning the taxation of digitalized economy.
Available on our Tax Research Platform, the tables also provide links to country and topical analyses, laws and journal articles, where further information on jurisdictions is available.