- Doubts persist about the implementation of New Zealand’s Digital Services Tax by 2025
- OECD Pillar 1 reforms are facing difficulties
- The US threatens retaliatory tariffs following Republican wins in the White House and Congress
- Other countries are reconsidering the imposition of similar taxes targeting US digital companies
- Enacting the tax by the beginning of 2025 would be challenging due to late legislative proceedings
- Despite challenges, forecasted revenues from the tax are accounted for in the 2024 budget
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
