Welcome
Daily Tax Report: International

Austria’s 3% Digital Tax Could Net Large Media Companies

Jan. 10, 2019, 6:34 PM

Austria’s proposed 3 percent tax on online advertising revenue could net more companies than Google Inc. and Facebook Inc., tax practitioners warn.

Any company that operates in Austria, sells online advertising within the country—and has a global revenue of at least 750 million euros ($834 million) and domestic revenue of 10 million euros—will be subject to the tax, the government announced Jan. 10.

The levy will be introduced through changes to its current 5 percent advertisement tax, which will be reduced to 3 percent, and now be imposed on online advertising, in addition to traditional print and billboard advertising.

The...

To read the full article log in. To learn more about a subscription click here.