Large businesses that made payments under Canada’s 3% digital services tax (DST) ahead of the June 30, 2025 deadline should follow tax developments including related guidance for upcoming action to take, including obtaining refunds of tax already paid, now that Canada has announced its intention to cancel the DST. Under the DST rules, affected businesses that earn specific kinds of online revenues that met certain thresholds had to file their first DST return and pay the DST owing by June 30, 2025. However, Canada announced the cancellation of the DST on June 29, 2025 to support the negotiation of a comprehensive trade arrangement with the United States.
Download this edition of the TaxNewsFlash to learn more.
