US, Turkey Extend Agreement on Digital Taxes Through June 30 (1)

The US and Turkey agreed Tuesday that Turkey can continue imposing its digital services tax through June 30, pending the completion of a multilateral treaty that’s meant to replace such taxes.

The two countries said in a joint statement they were extending a 2021 agreement over Turkey’s transition from a DST to the planned new method of taxing digital companies: Amount A, the OECD’s reallocation of a portion of big multinationals’ profits to other countries. Amount A is part of Pillar One of the OECD-brokered global tax agreement.

The move follows a similar extension last month of five European countries’ ...