KPMG report: Comments on public consultation document on withdrawal of DSTs under Pillar One

A public consultation document on draft multilateral convention provisions on digital services taxes and other relevant similar measures

A public consultation document on draft MLC provisions on digital services taxes

The Organisation for Economic Cooperation and Development (OECD) on 20 December 2022 issued a public consultation document on draft multilateral convention (MLC) provisions on digital services taxes (DSTs) and other relevant similar measures [PDF 540KB]—part of the ongoing work of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) in implementing the two-pillar solution to address the tax challenges arising from the digitalisation of the economy. Read TaxNewsFlash

As explained in the accompanying OECD release, the draft MLC provisions reflect the commitments with respect to the removal of all existing DSTs and other relevant similar measures and the standstill of future measures, which are an integral part of achieving Pillar One’s goal of stabilizing the international tax architecture.

In response to the OECD request for comments, KPMG tax professionals submitted a memo with comments [PDF 124 KB] on the OECD document Pillar One - Amount A: Draft Multilateral Convention Provisions on Digital Services Taxes and other Relevant Similar Measures.

Read all of KPMG’s comment letters to the OECD on BEPS.

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.