Canada: Adopted Budget 2021 including draft digital service tax
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Description
Adopted Budget 2021 including draft digital service tax
The Canadian Government presents the Budget 2021, intending to introduce a gross-revenue-based digital service tax of three per cent on revenues from digital services that rely on data and content from Canadian users. It is meant to take effect in January of 2022 and will not be implemented under a separate statute (not the ITA), possibly to exclude deductibility. A threshold of EUR 750 million shall apply.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
cross-cutting
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
digital good (any form): sale
Regulatory tool
Subordination under digital service tax
Sanctions
TBR - Existing statutory sanction
Regulated subjects
1