On 3 July 2024, an order of the Governor in Council dated 28 June 2024, was made available on the Orders in Council website. The order fixes 28 June 2024 as the date that the Digital Services Tax Act comes into force. Accordingly, the Digital Services Tax will be effective the 2024 calendar year and will apply retroactively to in-scope revenues earned since 1 January 2022.
Affected taxpayers should review and start implementing the steps outlined in “The takeaway” section of this Tax Insights to ensure that they will be ready to comply with this new tax.