KPMG summary of taxation of the digitalized economy developments [PDF 2.8 MB] (last updated 21 February 2024)

KPMG e-invoicing developments timeline [PDF 1.8 MB] (last updated February 2024)

February 2024

29 Feb - OECD: Report to G20 Finance Ministers and Central Bank Governors, updates on developments in international tax reforms

28 Feb - Greece: Proposed legislation implementing Pillar Two global minimum tax

28 Feb - Malta: Legislation implementing Pillar Two global minimum tax

28 Feb - South Africa: Draft legislation implementing Pillar Two global minimum tax

27 Feb - Republic of the Congo: VAT on cross-border provision of digital services

23 Feb - Slovakia: Legislation implementing Pillar Two global minimum tax passed by Parliament

21 Feb - KPMG report: Overview and initial observations on Pillar One – Amount B

20 Feb - Singapore: Tax measures in budget 2024 include Pillar Two global minimum tax rules

19 Feb - OECD: Report on Amount B under Pillar One

16 Feb - France: Tax authority guidance on VAT treatment of non-fungible tokens

16 Feb - Malaysia: Final guide on transitional rules for service tax rate change on foreign digital services

16 Feb - Malaysia: Updated e-invoicing guidelines, software development kit

15 Feb - United States: Treasury statement regarding extended agreement on digital services taxes imposed by Austria, France, Italy, Spain, United Kingdom

15 Feb - Vietnam: New telecommunications law

13 Feb - Greece: Guidance on new reporting obligations for digital platform operators (DAC7)

9 Feb - EU: Certain member states extend DAC7 reporting deadlines

9 Feb - EU: Formal notices to nine member states on failure to transpose minimum tax directive

9 Feb - Netherlands: FAQs on reporting obligations of digital platform operators (DAC7)

9 Feb - Philippines: Tax on e-commerce transactions

9 Feb - Spain: Draft legislation implementing Pillar Two global minimum tax

6 Feb - Senegal: VAT on cross-border provision of digital services

5 Feb - Japan: Additional guidance on income inclusion rule

5 Feb - Japan: Outline of 2024 tax reform proposals

1 Feb - Colombia: Modified tax Form 490 includes significant economic presence corporate income tax payments

January 2024

31 Jan - Tanzania: VAT and DST obligations of nonresident providers of cross-border electronic services

30 Jan - Latvia: Draft legislation implementing Pillar Two global minimum tax

30 Jan - Germany: Guidance on obligations of payment service providers, other VAT developments

29 Jan - United States: Property tax exclusion (New York); online marketplace sales (multistate)

19 Jan - EU: Challenge to EU global minimum tax directive dismissed (EU General Court judgment)

19 Jan - Nigeria: Guidelines to simplify the compliance regime for goods sold through digital means postponed indefinitely

18 Jan - Italy: Pillar Two global minimum tax rules implemented

18 Jan - Mexico: List of 201 registered foreign providers of digital services (as of 31 December 2023)

17 Jan - Czech Republic: Legislation introducing top-up tax, implementing EU directive on global minimum tax, now effective

17 Jan - EU: Pillar Two global minimum tax implementation summary

16 Jan - Romania: Law implementing Pillar Two global minimum tax

16 Jan - Poland: Bill on cryptoassets; Minister of Finance activities for 2024

16 Jan - UK: Updates on Pillar Two, including draft HMRC guidance on proposed rules

11 Jan - France: Tax-related provisions in finance law for 2024, including Pillar Two rules and transfer pricing documentation changes

10 Jan - Korea: Amendments to Pillar Two rules enacted

10 Jan - United States: Certain challenges to Maryland digital advertising tax barred, but constitutional challenge may proceed

5 Jan - India: Guidelines for withholding tax on e-commerce transactions

2 Jan - Hong Kong: Consultation paper on implementation of Pillar Two global minimum tax

2 Jan - KPMG report: Pillar Two rules and the asset management industry

2023 Articles

December 2023

29 Dec - Zimbabwe: Legislation implementing Pillar Two global minimum tax enacted

22 Dec - EU: EC publishes FAQs on interpretation and transposition of EU global minimum tax

22 Dec - Switzerland: Law implementing Pillar Two minimum tax rule enacted

20 Dec - KPMG report: New administrative guidance on Pillar Two rules, initial observations and analysis

20 Dec - EU: Pillar Two global minimum tax implementation summary

20 Dec - Luxembourg: Law implementing Pillar Two global minimum tax enacted

20 Dec - Netherlands: 2024 Tax Plan package and law implementing Pillar Two global minimum tax enacted

19 Dec - Azerbaijan: VAT on cross-border provision of digital services

19 Dec - Hong Kong: Update on implementation of Pillar Two global minimum tax

19 Dec - Ireland: Legislation implementing Pillar Two signed into law

19 Dec - Zambia: Proposed amendments to VAT law on cross-border provision of digital services

18 Dec - OECD: Further administrative guidance on Pillar Two rules; statement on timeline of Pillar One multilateral convention

18 Dec - India: Fees received for domain name registration services not taxable as royalty (High Court decision)

15 Dec - Belgium: Pillar Two global minimum tax rules adopted by Parliament

15 Dec - KPMG report: Transfer pricing implications of Pillar Two minimum tax rules

11 Dec - Philippines: All e-commerce participants subject to Philippine laws, regardless of physical presence

8 Dec - Croatia: Consultation on draft legislation implementing Pillar Two global minimum tax

8 Dec - Hungary: Legislation implementing Pillar Two global minimum tax enacted

8 Dec - Thailand: Required reporting by digital platform operators

8 Dec - UK: Finance Bill 2024, including amendments to Pillar Two minimum tax rules 

7 Dec - Italy: Guidance on new reporting obligations for digital platform operators (DAC7)

6 Dec - Luxembourg: Amended draft law implementing Pillar Two global minimum tax

4 Dec - Canada: First reading of second 2023 federal budget bill includes EIFEL, hybrid mismatch, and DST rules

1 Dec - Spain: Forms for new reporting obligations for digital platform operators (DAC7)

November 2023

29 Nov - Vietnam: Resolution adopting Pillar Two global minimum tax

28 Nov - Spain: Update on new reporting obligations for digital platform operators (DAC7)

24 Nov - Austria: Updated draft legislation implementing Pillar Two global minimum tax

24 Nov - Norway: Amended draft legislation implementing Pillar Two global minimum tax

24 Nov - Slovenia: Updated draft legislation implementing Pillar Two global minimum tax

21 Nov - KPMG report: Pillar Two implications for “U.S. sandwich structures”

17 Nov - Mexico: List of 198 registered foreign providers of digital services (as of 31 October 2023)

16 Nov - Bermuda: Third public consultation related to proposed corporate income tax

14 Nov - Germany: Law implementing Pillar Two global minimum tax passed by lower house of Parliament

13 Nov - Barbados: Proposed rules to implement Pillar Two global minimum tax

10 Nov - Liechtenstein: Law implementing Pillar Two global minimum tax adopted by Parliament

9 Nov - Cyprus: Consent to Pillar Two global minimum tax rules

9 Nov - Estonia: Legislative proposal implementing Pillar Two global minimum tax rules

9 Nov - EU: Member states approve statements of EU Council and European Commission reconfirming support for Pillar One and Pillar Two

9 Nov - EU: List of national portals for reporting to central electronic system of payment information

8 Nov - Malaysia: Finance Bill (No. 2) 2023 includes proposed Pillar Two rules

6 Nov - Sweden: Updated draft legislation implementing Pillar Two global minimum tax

1 Nov - France: VAT digital economy enforcement included in 2024 Finance Bill

October 2023

31 Oct - Malta: Tax measures in budget 2024, including deferral of implementation of Pillar Two global minimum tax

31 Oct - Uganda: Tax authority publishes notice implementing digital services tax

27 Oct - Lithuania: Draft legislation implementing Pillar Two global minimum tax

24 Oct - Belgium: FAQ on new obligations of digital platform operators (DAC7)

24 Oct - United States: Extension of comment period for proposed regulations on digital asset transactions

23 Oct - Hungary: Proposed legislation implementing Pillar Two global minimum tax

23 Oct - Romania: Proposed legislation implementing Pillar Two global minimum tax

20 Oct - Ireland: Tax proposals in Finance bill 2023 include implementation of Pillar Two global minimum tax

18 Oct - France: Tax measures in 2024 draft finance law include Pillar Two implementation and transfer pricing documentation changes

17 Oct - KPMG report: Multilateral conventions on Amount A of Pillar One and Pillar Two subject to tax rule, initial observations and analysis

17 Oct - Côte d'Ivoire: Simplified VAT compliance mechanism for nonresident digital service providers

17 Oct - EU: New directive on tax transparency rules for service providers facilitating cryptoasset transactions (DAC8)

16 Oct - UK: Further analysis of Pillar Two global minimum tax rules in updated Finance Bill 2023 draft legislation

11 Oct - OECD: Multilateral convention to implement Amount A of Pillar One; implementation handbook for Pillar Two global minimum tax

11 Oct - United States: Treasury request for public input on OECD multilateral convention to implement Amount A of Pillar One

6 Oct - Bermuda: Second public consultation related to proposed corporate income tax

6 Oct - Cyprus: Public consultation on draft legislation implementing Pillar Two global minimum tax

5 Oct - Austria: Draft legislation implementing Pillar Two global minimum tax

5 Oct - Bulgaria: Public consultation on draft legislation implementing Pillar Two global minimum  tax

5 Oct - France: Draft legislation implementing Pillar Two global minimum tax

4 Oct - Denmark: Updated draft legislation implementing Pillar Two global minimum tax

3 Oct - OECD: Multilateral convention to facilitate implementation of Pillar Two subject to tax rule

3 Oct - Japan: Guidance on income inclusion rule

August 2023

31 Aug - New Zealand: Bill to implement digital services tax

29 Aug - Finland: Public consultation on implementation of Pillar Two global minimum tax rules

29 Aug - United Kingdom: Policy paper on reporting obligations for digital platform operators (DAC7)

25 Aug - KPMG report: Potential U.S. tax implications of proposed Bermuda corporate income tax

25 Aug - United States: Information reporting, determination of amount realized and basis, and backup withholding for digital asset transactions

23 Aug - Canada: Details of draft revised DST rules

21 Aug - Korea: Proposed amendments to transfer pricing and Pillar Two rules

17 Aug - Canada: Provincial sales tax annual information return due 31 August for online marketplaces (British Columbia)

16 Aug - Denmark: Increase in VAT audits of nonresident digital services providers

15 Aug - Australia: Targeted consultation on implementation of Pillar Two global minimum tax rules

14 Aug - Canada: Draft legislation includes Pillar Two rules and revised DST and EIFEL rules

10 Aug - Korea: Tax reform proposal for 2023, changes to Pillar Two and transfer pricing documentation rules

10 Aug - Luxembourg: Draft law implementing Pillar Two global minimum tax

9 Aug - Bermuda: Implementation of corporate income tax within scope of Pillar Two global minimum tax rules

4 Aug - EU: Reasoned opinion to six member states on failure to fully transpose DAC7

4 Aug - Ireland: Feedback statement on implementation of Pillar Two global minimum tax

3 Aug - KPMG report: Amount B and tax certainty

2022 Articles

December 2022

22 Dec - Latvia: New reporting obligations for digital platform operators (DAC7)

22 Dec - Netherlands: 2023 Tax Plan adopted by upper house of Parliament, including DAC7, windfall profits tax on fossil sector

22 Dec - Spain: Guidance on online “intermediation” subject to digital services tax

22 Dec - KPMG report: Public consultation document under Pillar One on draft multilateral convention provisions on DSTs

21 Dec - KPMG report: Pillar Two implementation package, initial observations and analysis

20 Dec - OECD: Public consultation documents on withdrawal of DSTs under Pillar One, implementation under Pillar Two

19 Dec - Colombia: Tax reform measures include 15% minimum tax, surcharges, digital services tax

16 Dec - Belgium: New obligations of digital platform operators (DAC7)

16 Dec - Switzerland: Parliament approves constitutional amendment to implement Pillar Two global minimum tax

16 Dec - EU: Council adopts EU minimum tax directive

13 Dec - EU: Member states in the EU reach agreement to implement Pillar Two (updated)

9 Dec - KPMG report: Public consultation on Amount B under Pillar One, initial observations and analysis

9 Dec - UK: Report of national audit office on operation and implementation of digital services tax

8 Dec - OECD: Public consultation document on Amount B under Pillar One

7 Dec - Estonia: Recent tax-related developments, including reporting obligations for digital platform operators (DAC7)

6 Dec - Vietnam: Guidance for e-commerce trading platform owners and overseas suppliers

1 Dec - Finland: Clarifications on DAC7 reporting obligations

1 Dec - Vietnam: Tax administration rules for e-commerce business activities of family businesses and individuals

November 2022

30 Nov - Germany: Law on DAC7, submitting transfer pricing documentation in tax audits, adopted by lower house of Parliament

22 Nov - Poland: Ratification of treaty with Georgia; MCAA for automatic information exchange under digital platform reporting rules signed

17 Nov - UK: Autumn statement includes transfer pricing documentation changes, update on implementation of Pillar Two, increases in corporation tax and DPT rates

16 Nov - Denmark: DAC7 guidance

16 Nov - OECD: Comments on progress report on administration and tax certainty aspects of Amount A of Pillar One

11 Nov - KPMG report: Comments on progress report on administration and tax certainty aspects of Amount A of Pillar One

10 Nov - OECD: Jurisdictions sign MCAA for automatic information exchange under digital platform reporting rules, CRS disclosure rules

10 Nov - United States: Corporate Alternative Minimum Tax considerations and FAQs

9 Nov - Poland: Draft legislation guidelines of reporting obligations for digital platform operators (DAC7)

8 Nov - Mexico: List of 162 registered foreign providers of digital services (as of 31 October 2022)

8 Nov - Sweden: Tax proposals in 2023 budget include cross-border payment reporting, extension of diesel excise tax reduction

4 Nov - Vietnam: Guidance on various tax-related rules, including e-commerce information reporting

3 Nov - Austria: Inflation relief-related tax measures, DAC7 implementation, guidance on crypto taxation, updated VAT guidelines, other tax developments

3 Nov - FinlandDraft legislation to implement DAC7

3 Nov - Germany: Draft legislation to implement public country-by-country reporting; update on Pillar Two implementation

3 Nov - Portugal: Tax measures in 2023 budget, including new crypto tax regime

2 Nov - United States: Year-end tax topics for cryptocurrency investors

July 2022

29 Jul - Mauritius: Tax measures in Finance Bill 2022 include domestic top-up tax

26 Jul - KPMG report: Amount B—the forgotten piece of the Pillar One jigsaw

25 Jul - United States: Sales and use taxes on marketplace facilitator (Tennessee)

22 Jul - Ireland: BEPS 2.0 implications for aviation sector

20 Jul - UK: Draft legislation to implement Pillar Two published

20 Jul - United States: State and local sales tax, technology-related tax developments for online marketplaces, broadband equipment (second quarter 2022)

19 Jul - Poland: Pre-consultation on assumptions for digital platform owners (DAC7)

18 Jul - KPMG report: The diverging paths of Pillars One and Two

18 Jul - Czech Republic: Tax priorities of the Czech EU Presidency

15 Jul - Germany: Proposals regarding reporting obligations of digital platforms and transposition of DAC7

14 Jul - Mexico: List of 155 registered foreign providers of digital services (as of 30 June 2022)

13 Jul - Australia: Guidance regarding tax treatment of cryptoassets

12 Jul - Tanzania: Tax measures in Finance Act, 2022 make digital transactions taxable

11 Jul - India: Guidance on tax withholding on transfers of virtual digital assets other than through an exchange

11 Jul - OECD: Progress report on Amount A of Pillar One, including revised schedule; public consultation

7 Jul - Italy: Withholding tax on services provided by property intermediation platform via internet (CJEU Advocate General opinion)

5 Jul - Tanzania: Tax proposals in budget 2022-2023 include tax on digital services provided by non-residents

April 2022

27 Apr - Belgium: Requirement to report information about tourist accommodations not contrary to EU law (CJEU judgment)

26 Apr - Poland: Treatment of online purchases via foreign sites taxable

25 Apr - Chile: Digital services subject to VAT

22 Apr - OECD: Comments on draft rules for domestic legislation on scope under Amount A of Pillar One

21 Apr - Kenya: Measures regarding digital taxation in Finance Bill, 2022

21 Apr - Kenya: VAT proposals concerning online transactions, digital marketplaces in finance bill

20 Apr - KPMG report: Comments on draft rules for domestic legislation on scope under Amount A of Pillar One

18 Apr - United States: State and local tax, technology-related developments (table, first quarter 2022)

14 Apr - KPMG report: Comments on implementation framework of global minimum tax

14 Apr - OECD: Comments on implementation framework of global minimum tax

14 Apr - OECD: Extractives exclusion under Amount A of Pillar One; public consultation

8 Apr - Canada: Provision in federal budget for 2022 to require digital platform operators to report information about sellers

8 Apr - United States: Digital advertising services tax, estimated tax payment form is released (Maryland)

7 Apr - India: Sports channel telecaster; no dependent agent permanent establishment under India-Mauritius tax treaty (tribunal decision)

7 Apr - Netherlands: Update on bill to implement EU Directive (DAC7), reporting obligations of digital platforms

6 Apr - EU: Implementing regulation on VAT and e-commerce transactions; guidance for payment service providers

5 Apr - EU: No agreement on revised proposal for minimum tax directive (ECOFIN Council meeting 5 April 2022)

4 Apr - OECD: Draft rules for domestic legislation on scope under Amount A of Pillar One; comments requested

1 Apr - France: Administrative guidance regarding digital services tax held invalid (Conseil d'Etat decision)

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