- The OECD, over 100 countries, and businesses identify crypto and AI as emerging challenges to VAT administration.
- These issues were discussed at the sixth OECD forum on VAT.
- Digital trade and AI are rapidly changing the economy.
- International cooperation is needed to adapt VAT policies, enhance compliance, and reduce fraud risks related to new technologies.
Source: news.bloombergtax.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.
