Czech finance ministry plans 7 percent rate for new digital tax

PRAGUE: The Czech Finance Ministry said on Tuesday it was finalising a plan to tax global internet giants and will submit a proposal by the end of May for a 7 percent rate.

The ministry said the tax would be aimed at selected internet services, mainly advertising. It said the tax could become effective around mid-2020 and conservative estimates showed the digital tax adding 5 billion crowns annually to state budget revenue."The digital tax will apply to the most significant global players and is a reaction to the failure of solving this on the European Union level," Finance Minister Alena Schillerova said.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia President Joko Widodo plans to move capital city: Planning ministerJAKARTA (REUTERS) - Indonesian President Joko Widodo has decided to move the capital of South-east Asia's largest economy away from the crowded main island of Java, the planning minister said on Monday (April 29).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Indonesian president plans to move capital city: Planning ministerIndonesian President Joko Widodo has decided to move the capital of Southeast Asia's largest economy away from the crowded main island of Java, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »