KPMG's global editions of TaxNewsFlash are maintained and distributed by KPMG in the United States. When you click the hyperlinks below, you will be directed away from this page owned by KPMG International and redirected to a page owned by KPMG in the United States.  

KPMG summary of taxation of the digitalized economy developments [PDF 2.8 MB] (last updated 22 March 2024)

KPMG e-invoicing developments timeline [PDF 2.1 MB] (last updated March 2024)

March 2024

29 Mar - Laos: VAT on cross-border provision of digital services

28 Mar - Luxembourg: Guidance under Pillar Two law relating to inclusion of deferred tax assets and liabilities in computing effective tax rate

27 Mar - Chile: Tax reform bill introduces VAT liability for sales of low-value goods

25 Mar - Ireland: Tax changes for the asset management and funds industry, including Pillar Two rules

22 Mar - Australia: Consultation on draft legislation implementing Pillar Two global minimum tax rules

21 Mar - Australia: Consultation on new proposed reporting exemptions for electronic distribution platform operators

21 Mar - Finland: Legislation implementing Pillar Two global minimum tax

19 Mar - KPMG report: Amount B compliance challenges

15 Mar - EU: Taxpayer appeals General’s Court dismissal of challenge to EU minimum tax directive

15 Mar - UK: Finance Act 2024 includes amendments to Pillar Two minimum tax rules

14 Mar - Cyprus: Draft legislation implementing Pillar Two global minimum tax rules

14 Mar - Jamaica: Tax measures in 2024-2025 budget include Pillar Two global minimum tax rules

14 Mar - Malta: Guidance on implementation of Pillar Two global minimum tax

12 Mar - United States: Updated digital services tax agreement with Turkey

11 Mar - EU: VAT obligations of digital platforms pre-2015 (CJEU referral)

7 Mar - Philippines: Proposed legislation regarding VAT on cross-border provision of digital services

6 Mar - Angola: Revisions to VAT law, including taxation of e-commerce transactions

5 Mar - EU: European public prosecutor's office estimates serious VAT fraud amounting to €11.5 billion

5 Mar - Poland: Bill implementing Pillar Two global minimum tax

5 Mar - Spain: Digital platform operators must file returns under DAC7 by 8 April 2024

4 Mar - Morocco: VAT on cross-border provision of digital services

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

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.