Digital Service Taxes and How to Challenge Them

Video Overview:

In this World Finance video, Aleksandra Bal, senior product manager of EU indirect tax reporting solutions at Vertex, looks at how digitalization and new business models have created enormous challenges for international taxation.

• The OECD is driving the international debate on taxing the digital economy. How can 125 countries be brought to a consensus? The search continues, but in the meantime, some countries have started looking at implementing temporary measures to tax digitally operating companies.
• When we are faced with digital services tax, companies will carry a large compliance burden.
• We will have to wait and see the level of complexity that these digital services taxes bring.

World Finance + Vertex

In March 2019, tax professionals, solution experts, and our very own customers met in Munich for Vertex Exchange Europe. World Finance interviewed half a dozen delegates for an update on Europe’s tax compliance challenges and technological advancements.