Italy Sidesteps Sales Tax Hike With Levy On Digital Transactions
PYMNTS
OCTOBER 14, 2019
Italy is preparing to tax digital companies to help fund its 2020 budget as it seeks different revenue streams to avoid a scheduled sales tax hike, sources told Reuters on Monday (Oct. Companies with annual global revenues of $827 million and digital services of $6 million in Italy will be subject to the tax.
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