ROME: In Italy, such companies have long been accused of avoiding taxes by claiming that they do not have a “stable presence” in the country.
Under the new law, the sales levy will be aimed at firms buying services in Italy. The new “web tax” is intended to apply to sales of “intangible digital products” such as online advertising and sponsored links embedded in web pages.
Companies will be excluded from paying the tax if they make fewer than 3,000 transactions per year.
The provision included in the 2018 budget bill, which will have to receive its final approval by the end of the year, is expected to have and annual yield of around €190m.
