Taxation of the digital economy

The world is digitising. This transformation brings change to practically every way we do business. From communication to the way we work. Data, AI and applications are shaping businesses, their people, processes and supply chains. Yours as well as ours.

The digital economy is out there and is expanding. The world is a global marketplace. Evolving rapidly and continuing to do so. Accelerated by the COVID-19 crisis, and still gathering momentum. As technical developments skyrocket, industry 4.0 is entering industry 5.0.

Taxation

However, the international tax system is still playing catch-up. There is an ongoing and loud international debate whether digital business models demonstrate the limitations of traditional tax systems. Questions arise on how and where to tax the value creation within the digital economy. This discussion has implications for national current and future tax revenues and uni-lateral solutions even result in trade wars.

Solving the issue of taxing the digital economy is becoming ever more prominent on policy agendas around the world. Governments push to have better data insights on the digital economy. They require data from taxpayers and/or platforms (intermediaries) to obtain the insights to determine a taxable base. What tax developments do we see, how do they interact, and should we deal with them?

Taxation of the Digital economy umbrella for tax topics

As part of Taxation of the digital economy we bring you various tax topics such as the tax impact of the increasing digitization of supply chains but also the regulatory developments such as OECD Pillar One and Two, Digital Services Taxes, VAT taxation and e-commerce, EU Directives DAC7 & DAC8 and many more.

Value of data and platforms

The world has become a global marketplace. Digitalisation changes the way we work, interact and communicate. It will impact the leaders of the future. How do you value your data and platforms? Doing business in a smarter and more efficient way? Data is a valuable asset for organisations. PwC assists you to navigate all these uncertainties. Learn how we can be at help and contact us!

23/12/21

5G can make your company more secure, flexible and scalable

The digital transformation will bring exciting new possibilities and challenges to your industry, thus affecting your operating and tax (transfer pricing) model. With the wireless digital economy, new legislation is introduced. 5G, which is simply a marketing term, will accelerate the wireless digital economy to the next level.

Learn about how your operating and tax model are affected by 5G in the animation on the left. We can help you navigate through the different phases and the new arising complex tax environment. Let’s talk!