Our digital and tech & comms expertise for the DST consultation in Italy
Written By
Partner
Italy
Based in Milan and a partner in our International Tax Group, I am currently leading the Italian tax practice and working alongside our talented tax consultants and lawyers to deliver tailored solutions to clients.
Partner
Italy
I am an international tax lawyer, focusing on tax disputes, with almost 30 years of experience working for multinational groups.
Counsel
Italy
I am a tax advisor with almost 20 years of experience in advising domestic and multinational companies, on corporate income tax, withholding tax (WHT) and VAT purposes. I focus on tax disputes and tax risk management.
Italian Revenue Agency is moving forward with the collection of Digital Service Tax (DST). DST has been in force in Italy since 1 January 2020. However, implementation rules and practical indications regarding the method for the calculation of the tax and the actual payments which shall have to be made by 16 February 2021, as well as the filing of the tax return (to be made by 31 March 2021) are still missing.
The delay in the issuance of the implementation rules is considered a sign of possible suspension of the actual collection of the tax, awaiting the Discussions on Pillar 1 and Pillar 2 on the OECD side and avoiding possible retaliation measures from the US.
On 16 December 2020, the Revenue Agency published the draft Regulations asking for comments from the Business and Tax community, which need to be submitted before 31 December 2020.
An outline of the draft Regulations can be found in the attached Alert.
Bird & Bird, with its extensive experience in assisting Digital and Tech & Comm companies, will participate in the consultation and voice any comments that will improve the Regulations, whilst taking into account the real needs and business models of the companies potentially subject to DST.
