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DTR: Digital Tax Receipt is the receipt issued after a successful DST payment. Digital Service Taxes, or DSTs, have been permeating the trade environment since 2018, but COVID-19 and the OECD’s digitalization of the economy project, commonly referred to as BEPS 2.0, have accelerated the focus on DSTs. The stated aim of DSTs is to ensure that “market” countries get increased taxing rights over the profits of tech-based multinational companies that sell into their local market, and collect data from and target advertisements at local audiences, regardless of their physical presence. This Tax is charged by the company rendering the service and which thereby remits to the digital economy( Government) on a percentage stated on the DST book, this varies with the type of service rendered for such earnings. The current geopolitical landscape The OECD hopes to get nearly 140 countries to agree to an overhaul of international tax principles, including a unified approach to digital taxes, by mid-2021. If that effort fails, still more countries are preparing to launch unilateral digital tax measures aimed at tech giants. Already, 15 of 37 OECD countries have DST laws in place or proposed, with several (including France, Italy, Spain, and the UK) having already implemented DSTs. Outside of the OECD countries, Argentina, India, Brazil, Indonesia, Kenya, Nigeria and Vietnam are among the dozen non-OECD countries with either existing or proposed DSTs. The EU is also planning to pursue new digital tax measures by year end. Closer to home, several U.S. states have approved and some are still with the proposals for imposing gross revenue taxes on certain digital activities. Given the widespread and evolving nature of these measures, this blog seeks to address some key questions: what are DSTs, how critical they will be in the future, and how should the C-suite prepare. DSTs: What are they? Who should be prepared? First, we need to understand what DSTs are - they are an income (profits) tax on online earnings, online sales tax, they’re not VAT. They are generally a tax on gross revenues occurring outside of any treaties. Who should be preparing for DSTs? Not just companies offering primarily digital services or goods but also the recipients of this Earnings or services rendered online . DSTs can be very broad in scope, covering not only online sales, but also digital advertising, data usage, e-commerce, streaming/downloading, SaaS, and more. The time to assess and prepare is now for companies regardless of sector given the growing digitalization of commerce. So, are digital taxes here to stay? And if so, what should be done to prepare for the different outcomes?