Italy will focus its domestic web tax on big tech companies while shunning SMEs and publishing groups, policymakers said on Wednesday. In 2019, Rome introduced a 3% levy on revenue from internet transactions for digital companies with annual sales of at least 750 million euros ($788.40 million) if at least 5.5 million are made in Italy.
Italy will focus its domestic web tax on big tech companies while shunning SMEs and publishing groups, policymakers said on Wednesday. In 2019, Rome introduced a 3% levy on revenue from internet transactions for digital companies with annual sales of at least 750 million euros ($788.40 million) if at least 5.5 million are made in Italy.