Much ado about digital tax
- Blog|News|International Tax|
- < 1 minute
- By Taxmann
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- Last Updated on 30 July, 2021
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The floodgates for digital taxation had been opened and proposals to tax activities undertaken on digital platforms have been passed by governments of countries worldwide. As the myriad digital activities have grown steadily and expansively in our personal and professional lives, the governments of various countries have been scrambling to find ways to tax their revenues in the backdrop of the present dilapidated tax structure. The result of this is a complex landscape of unilateral digital measures introduced by various countries, which are introduced either as a direct tax on the income of the respective entities or as an indirect tax.
Apart from India, major countries including Italy, United Kingdom, France, Austria and Turkey, among others, have already formally introduced independent digital tax measures, while few other countries are either in the process of doing the same or are awaiting a global consensus on the issue.
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