OECD To Hold Fourth Meeting On International VAT Reform In April

Posted on 2017-03-07

The OECD has announced the agenda and date for the fourth meeting of the OECD Global Forum on value-added tax (VAT), to be held on April 12-14, 2017.

The fourth meeting of the OECD Global Forum on VAT will focus in particular on the policy and operational challenges faced by tax authorities in the era of digital globalization, and on the efficient and the effective implementation of the standards and mechanisms for addressing these challenges recommended by the International VAT/GST Guidelines.

These Guidelines were developed based on the final base erosion and profit shifting (BEPS) recommendations on Action 1 – Addressing the Tax Challenges of the Digital Economy.

The OECD said the meeting will include discussions on the collection of VAT/GST on online sales by offshore vendors; the role of digital platforms in the collection of VAT/GST on online sales; and the use of technology to support the effectiveness of VAT/GST collection.

The Global Forum will also look at recent and ongoing VAT/GST reforms around the world and examine the outcomes of recent VAT/GST policy research and analysis in a range of areas that are of common interest to countries and organizations worldwide. The upcoming meeting will also reserve considerable time for analysis and experience sharing in the area of VAT/GST fraud detection and effective countermeasures; on VAT/GST refunds policy and management; on digitalization of tax administration; and on improving VAT/GST compliance through incentives.

This fourth meeting of the OECD Global Forum on VAT is aimed at senior tax officials and representatives of international organizations. A delegation of academics and business representatives will also be invited to participate.

Source: Tax News