Welcome
Daily Tax Report: International

Tech Giants Await Italy’s Digital Tax Law Guidance

April 29, 2019, 6:00 AM

Italy’s new 3 percent tax on digital advertising revenue—one of the first in Europe to take effect this year—doesn’t address exactly who would be subject to the tax or how it would be calculated.

The law was passed quickly at the end of last year, leaving Italy’s tax authority to hash out details in a decree that could be released this week.

Tax practitioners hope the forthcoming guidance will spell out crucial details that tech giants like Alphabet Inc.'s Google and Facebook Inc. will need to comply with the law.

“We are waiting for a lot of detail that will...

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