Demand for online shopping has added pressure on developing countries to enhance their value-added tax systems, the OECD said Thursday, noting that the trend is expected to continue to at least 2025.
In 2022, the Asia-Pacific region recorded by far the most e-commerce sales, while Latin America and the Middle East and North Africa regions showed the most sales growth, according to data presented at the organization’s Tax and Development Days conference.
“Many developing countries depend on VAT as their main source of revenue,” said Piet Battiau, head of the Consumption Taxes Unit at the Organization for Economic Cooperation and …
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