Digital disruption has laid waste to numerous traditional industries, from the ramifications of internet publishing on the print media to the effects of the Uber and AirBnB models on the car travel and lodging sectors.
An increasingly connected (and smartphone-obsessed) population expects this disruption. Today, consumption is all about the now economy. It is now easier than ever, thanks to infrastructural advances in broadband and WiFi, for consumers to access digital content from anywhere in the world.
Digital tax trends indicate a move to destination-based taxation. We like to keep those affected up-to-date so here’s a list of countries planning such changes.
The common thread in international digital tax trends is the move from a supplier-based taxation to one based on the consumer’s location, or destination-based taxation.
The Organisation for Economic Co-Operation and Development (OECD) has already approved the destination-based principle in Action 1 of the October 2015 release of their Base Erosion and Profit Shifting (BEPS) report.
If you are a Canadian merchant selling digital goods and services in Canada you can now use Taxamo for Canada sales tax compliance.
Here at Taxamo we have had feedback from our Canadian digital service merchants that they found it difficult to comply with domestic tax reporting requirements while also complying with new global digital tax requirements.
Taxamo has launched support of Canadian sales tax compliance for our merchants who have a Canadian domestic reporting requirement.