EU – interim tax of 3% on certain “digital” revenue planned

EU commission presented today new proposal how the income from digital activity should be taxed fairly.

“The tax will apply to revenues created from activities where users play a major role in value creation and which are the hardest to capture with current tax rules, such as those revenues:

 

 

  • created from selling online advertising space
  • created from digital intermediary activities which allow users to interact with other users and which can facilitate the sale of goods and services between them
  • created from the sale of data generated from user-provided information.

Tax revenues would be collected by the Member States where the users are located, and will only apply to companies with total annual worldwide revenues of €750 million and EU revenues of €50 million. This will help to ensure that smaller start-ups and scale-up businesses remain unburdened. An estimated €5 billion in revenues a year could be generated for Member States if the tax is applied at a rate of 3%,” as describe below.

Please click HERE for further information.

 

Bildquelle: Erich Westendarp  / pixelio.de

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