Italy approves digital tax on tech giants
From 1 January 2020, a digital services tax is introduced in Italy according to the Official Gazette, N. 160 of 2019. Italy’s parliament votes to approve a 3 percent tax on certain digital revenue for companies that have more than 750 million euros in global revenue and at least 5.5 million euros in revenue in Italy. Italy’s new digital services tax applies to revenues resulting from the supply of advertising services through digital media and from certain digital platforms. Italy’s adoption of a digital tax comes after France enacted a similar measure this year.