France Publishes Digital Services Tax Draft Guidance (1)

The French government published draft guidance for its digital services tax, just a week before companies have to make their first payment.

France’s government enacted its 3% levy on large tech groups, like Facebook Inc. and Amazon.com Inc., on July 25. It is retroactively effective from Jan. 1 2019.

• The tax will hit any company that has worldwide revenue of at least 750 million euros ($834 million) and 25 million euros of digital sales from either online advertising or acting as a digital intermediary in France.
• The draft guidance published Oct. 17 concerns reporting and payment procedures, ...