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U.S., Austria, France, Italy, Spain, and the UK Agree to Extend Agreement on Transition from Digital Services Taxes

|Approved Changes|United States-Austria-France-Italy-Spain-United Kingdom
United States-Austria-France-Italy-Spain-United Kingdom

The U.S. Department of the Treasury has announced the extension of the compromise agreement with Austria, France, Italy, Spain, and the UK on a transition from existing Digital Services Taxes (DSTs) in these countries to the new multilateral solution agreed to under Pillar 1 of the OECD's two-pillar solution for reforms to the international tax framework. First agreed to in October 2021, the agreement essentially provides that any DST liability that U.S. companies accrue during an "interim p…

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