Global Indirect Tax & Digital Economy: Overview of Recent Developments in Mexico, Canada, and Beyond

KPMG LLP invites you to join us for a discussion on recent indirect tax developments in Mexico and Canada impacting the digital economy.

More than 80 jurisdictions have adopted specific value added tax (VAT)/goods and services tax (GST) rules to tax digital services in the country of consumption. In general, foreign vendors and online marketplaces are required under these rules to register for, collect, and remit VAT/GST on sales made to local consumers. As most of the tax rules differ between the various jurisdictions, businesses that remotely sell goods and digital services face a complex patchwork of tax obligations. Mexico and Canada are among the most recent countries to adopt such rules. Mexico introduced specific VAT rules addressing the digital economy effective June 1, 2020 and recently amended these rules effective January 1, 2021. On November 30, 2020, Canada announced proposed  GST/HST measures related to the digital economy which take effect on July 1, 2021.

During this webcast, KPMG Tax professionals who focus on global indirect taxes will provide:

• An overview of the VAT rules aimed at the digital economy in Mexico and some of the challenges faced by US businesses in becoming compliant; 
• An overview of the Canadian GST/HST proposals related to the digital economy and how they may affect foreign vendors and marketplaces; and
• A review of how the rules in Mexico and proposed rules in Canada differ from similar provisions in other jurisdictions and global trends.

Businesses selling goods or digital services remotely to customers located outside the United States, in particular to customers located in Mexico and Canada, may be interested in joining this webcast.