OECD Issues Guidance on Digital Continuous Transactional Reporting Regimes for VAT Compliance and Administration

• The OECD published a report on designing and operating digital continuous transactional reporting (DCTR) regimes for VAT.
• The report offers guidance to help jurisdictions develop and manage DCTR systems.
• It aims to improve compliance, administration, and international consistency.
• Six key areas are addressed: strategic approaches, digital invoicing, business compliance, information security, interoperability, and long-term sustainability.

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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