2024, c. 15, s. 9720246

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DIGITAL SERVICES TAX ACTDigital Services Tax Regulations[Enacted by section 97 of chapter 15 of the Statutes of Canada, 2024, not in force.]Interpretation

Definitions1The following definitions apply in these Regulations.Act means the Digital Services Tax Act. (Loi)quarter means any period of three consecutive months beginning on January 1, April 1, July 1 or October 1. (trimestre)

Prescribed Rates of Interest

Interest to be paid to the Receiver General2(1)For the purposes of every provision of the Act that requires interest at a prescribed rate to be paid to the Receiver General for Canada, the prescribed rate in effect during any particular quarter is the total of(a)the rate that is the simple arithmetic mean, expressed as a percentage per year and rounded to the next higher whole percentage if the mean is not a whole percentage, of all amounts each of which is the average equivalent yield, expressed as a percentage per year, of Government of Canada Treasury Bills that mature approximately three months after their date of issue and that are sold at auctions of Government of Canada Treasury Bills during the first month of the quarter preceding the particular quarter, and(b)4%.Interest to be paid by the Minister(2)For the purposes of every provision of the Act that requires interest at a prescribed rate to be paid or applied on an amount payable by the Minister to a person, the prescribed rate in effect during any particular quarter is the rate determined under paragraph (1)(a) in respect of the particular quarter.

Prescribed Thresholds

Global revenue threshold3For the purposes of the Act, the amount of the “global revenue threshold” is €750,000,000.

In-scope revenue threshold4For the purposes of the Act, the amount of the “in-scope revenue threshold” is $20,000,000.

Registration threshold5For the purposes of Part 6 of the Act, the amount of the “registration threshold” is $10,000,000.

Prescribed Rate of Tax

Rate6For the purpose of the description of B in subsection 10(2) of the Act, the rate prescribed in respect of a taxpayer is 3%.

Prescribed Deduction

Deduction amount7For the purpose of Part 4 of the Act, the “deduction amount” is $20,000,000.

RELATED PROVISIONS — 2024, c. 15, s. 97(3)

(3)The Digital Services Tax Regulations, as made by subsection (1), are deemed(a)to have been made under section 123 of the Digital Services Tax Act;(b)for the purposes of subsection 5(1) of the Statutory Instruments Act, to have been transmitted to the Clerk of the Privy Council for registration; and(c)to have met the publication requirements of subsection 11(1) of the Statutory Instruments Act.