The European Commission said Monday it would delay its plan to propose a European Union (EU) digital tax in order to not jeopardize efforts to secure a global deal on fairer taxation.

"We have decided to put on hold our work on our new digital levy as a new EU own resource," EU Commission spokesman Daniel Ferrie told a news conference in Brussels.

The EU would reassess the situation in the autumn, he said.

On Saturday, EU economics commissioner Paolo Gentiloni had said that the EU's priority was to implement the G20 deal when asked whether the digital services levy plan may be postponed.

G20 finance ministers on Saturday endorsed a plan to overhaul the way multinational companies are taxed.

They approved the result of negotiations at the Organization for Economic Cooperation and Development for a global minimum corporate tax rate of at least 15 percent, and to allow nations to tax a share of the profits of the world's biggest companies regardless of where they are headquartered.

The G20 called on negotiators to swiftly address the remaining issues and finalize the agreement by October.

(With input from Reuters, AFP)