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Digital Services Tax [1]
['Sourang']
Date: 2023-10-17
The Budget 2023 confirms the government’s intention to implement a Digital Services Tax (DST) as of 1 January 2024, with retroactive effect to 1 January 2022 if Canada does not reach a multilateral agreement on the taxation of digital services.[^1]
The DST would apply to businesses (on a consolidated group basis) with annual worldwide revenues from all sources of €750 million and more, as well as annual Canadian digital services revenue greater than CA$20 million.
Taxable Canadian Digital Services Revenue Categories:
Canadian online marketplace services
Canadian online advertising services
Canadian social media services; and,
Canadian user data services
The DST would be equivalent to 3% of Canadian digital services revenues in excess of CA$20 million in a calendar year.
The PBO estimates the DST will increase federal government revenues by CA$7.2 billion over five years.
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[1] Url:
https://www.pbo-dpb.ca/en/publications/LEG-2324-013-S--digital-services-tax--taxe-services-numeriques
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