US, Five Nations Extend Digital Taxes Pact Through June (1)

The US, Austria, France, Italy, Spain, and the UK said Thursday they would extend an agreement through June allowing the five countries to retain their digital services taxes because implementation of the planned replacement for the DSTs has taken longer than expected.

The agreement between the US and the five nations, which was enacted in October 2021 and expired at the end of 2023, is intended as a transitional policy until a key part of the Organization for Economic Cooperation and Development’s 2021 global tax agreement was in place.

DSTs are individual countries’ taxes prompted by their desire ...