- The IVA Conference marked 70 years of VAT and focused on its evolution and future in a changing global economy.
- Key discussions included strengthening VAT/GST systems in developing countries, especially for small enterprises, refund mechanisms, and leveraging new technologies.
- The Indirect Taxation Subcommittee addressed balancing efficient VAT refunds (especially for exports and capital expenditures) with fraud prevention.
- Technological innovation, including AI and blockchain, is transforming VAT compliance and enforcement, as shared by Brazil, France, and Chile.
- The European Commission’s ViDA initiative aims to modernize and simplify VAT across the EU, adapting it to the digital economy.
Source: tax.athene.no
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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