Finance and Public Service Minister Fayval Williams
Although the government expects to collect $300 million from the proposed tax on digital services in the next fiscal year and $4.2 billion in the following year, Finance and Public Service Minister Fayval Williams says the specific services to be taxed have not yet been identified.
Speaking in Parliament's Standing Finance Committee on Thursday, Williams explained that the government is working with the Organisation for Economic Co-operation and Development to determine what qualifies as taxable digital services internationally.
She said it would therefore be premature to disclose which digital services will fall under the new tax regime at this time.
The minister told the committee that the administration will provide further details at a later date, while noting that digital services now represent a significant share of global economic activity and GDP.
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