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Italy approves web tax on digital services

News & Data JIACC

The budget commission of Italy’s lower house approved on Tuesday a web tax obliging companies to pay a 3 percent tax on some internet transactions made in Italy

Source: Reuters – Italy has long complained that companies such as Amazon , Apple and Google have avoided taxes by maintaining that they do not have a “stable presence” in the county, even though they generate huge revenues here. To get around that problem, the new sales levy will be aimed at firms buying services in Italy. The so-called “web tax” will be introduced in 2019 and is projected to bring in 190 million euros ($224.2 million) a year. The tax does not cover e-commerce, but rather “intangible digital products” such as advertising and sponsored links embedded in webpages. The finance ministry has said it will identify exactly which services are taxable by next April

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