Canada’s digital services tax now in effect

Businesses should determine how they may be affected by the DST rules, including considering the accounting implications regarding their obligations under this new tax law.

Large businesses should consider how they may be affected now that Canada has enacted the new 3 percent digital services tax (DST). Specifically, certain large businesses may be subject to the new DST on certain online revenues earned effective 1 January 2022. Canada’s Governor in Council has now fixed the coming-into-force date for the DST as June 28, 2024, which was the final step to enact the new tax, after the measures received Royal Assent on 20 June 2024. The order fixing the coming-...

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Published Date: 11 July 2024