02 January 2018 Italy enacts Web Tax and new PE definition The Italian 2018 Budget Law (the Law) has introduced a new "Tax on digital transactions" (Web Tax or Tax), with significant amendments compared to the initial draft law (the Draft). The Law also includes a new definition of permanent establishment (PE), partially in line with the Organisation for Economic Co-operation and Development's Base Erosion and Profit Shifting (BEPS) Action 7. Document ID: 2018-0002 |