COLOMBO :
The evolution of digital commerce has sparked a paradigm shift in taxation, prompting
governments worldwide to reassess how they levy taxes on online businesses. Traditional tax
frameworks, tailored for brick-and-mortar establishments, are ill-equipped to address the
complexities of digital enterprises. In response, governments are exploring two primary
approaches to digital taxation.
Firstly, there’s the strategy of extending existing tax laws, such as value-added tax (VAT) or
corporate income tax, to encompass digital operations effectively. Alternatively, countries are
implementing Digital Services Taxes (DSTs), targeting revenues generated from online
services, irrespective of physical presence within their borders.
The intricacies of digital taxation pose a formidable challenge, demanding tailored solutions
rather than a uniform approach. As nations navigate this terrain, the Organisation for Economic
Co-operation and Development (OECD) is spearheading efforts to establish a global consensus
on taxing digital entities.
To gain insights into this dynamic landscape, join KPMG Academy’s webinar on April 5th.
Senior Manager Mirani Ratnarajah, Principal, Rifka Ziyard and Principal, Suresh Perera will join
in the discussion, offering invaluable perspectives on the evolving realm of digital taxation. Don’t miss this opportunity to delve into this fascinating aspect of the tax domain.
For more details contact:
Lakshika via 0772063354 or [email protected]
Seneli via 0774446649 or [email protected]
April 2, 2024
