The main agenda of this Bill being approved by the Italian Senate was to offset differences on tax on digital services so that it can target large multinational companies like Facebook, Apple and Google providing digital services in Italy. Italy has long complained that these companies have avoided taxes by maintaining they do not have a “stable presence” in the country, even though they generate huge revenues there. It will be inaugurating from 1st January 2019 at a rate of 3% and E-commerce transactions aren’t allowed for this. The finance ministry has said it will identify exactly which services are taxable by next April. Companies will only have to pay up if they make more than 3,000 digital transactions in a year.
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