• Proposed Digital Services Tax

    Author: K&E Professional Accounting Associates | | Categories: digitalsalestax , dst , G20 , globaltaxlaws , oecd

    Accounting Firm in Winnipeg

    A proposed Digital Services Tax (DST) could raise up to $1.2 billion over five years in Canada, which the Federal government wants to introduce in July 2021.  In its fiscal update on November 30, 2020, Ottawa said it will require multinational companies to collect GST or HST on digital products and services.  Once implemented, the cost of digital services sold by foreign companies like Netflix, Amazon Prime (streaming video), HBO (streaming video), Hulu (streaming video), Spotify (streaming audio), and Sony PlayStation (video gaming) will go up.  The government says Canadian companies and foreign companies with physical presence in Canada (such…

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