The OECD unveiled a report on May 19 detailing its efforts over the past year to help developing countries create better tax policy measures, maximize revenue collection, and navigate the challenges of the COVID-19 pandemic.
VAT quotes (amongst others):
- Just over half of developing countries implemented VAT measures
- As the COVID-19 pandemic has accelerated the shift to e-commerce, the OECD standards on VAT for e-commerce are of increasing interest to developing countries. Over 35 developing countries have announced their intention to implement VAT on e-services in the coming years, of which the OECD has been providing advice to 10, in addition to a pilot programme in Egypt. Virtual regional workshops have provided engagement with an even broader range of countries, reinforcing the demand for regional toolkits.
Source
- OECD: Tax Co-operation for Development: Progress report in the COVID-19 era
- OECD Report: Tax Co-operation for Development Progress report in the Covid-19 Era
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