OrbitaxOrbitax

U.S. and Turkey Extend Compromise Agreement on Digital Services Tax

|Approved Changes|United States-Turkey
United States-Turkey

The U.S. Department of the Treasury has announced the extension of the compromise agreement with Turkey on a transition from Turkey's existing Digital Services Tax (DST) to the new multilateral solution agreed to under Pillar 1 of the OECD's two-pillar. First agreed to in November 2021, the agreement essentially provides that any DST liability that U.S. companies accrue during an interim period will be creditable against future income taxes accrued under Pillar 1, to the extent the DST liabi…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.