- The OECD released a report on 10 January 2026 providing guidance for jurisdictions considering or reforming digital continuous transactional reporting (DCTR) systems for VAT.
- DCTR involves near real-time reporting of invoices or transactional data to tax authorities to improve VAT compliance and risk management.
- The global expansion of DCTR has been uncoordinated, leading to complex compliance challenges, especially for cross-border businesses.
- The report offers guidance on six key areas: strategic approaches, digital invoicing, business compliance support, information security, interoperability, and long-term sustainability.
- The report is advisory and does not recommend mandatory adoption of DCTR, leaving the decision to each jurisdiction.
Source: regfollower.com
OECD Guidance for Effective and Interoperable VAT E-Invoicing and E-Reporting Regimes – VATupdate
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