OECD Updates: Emerging trends shaping indirect tax professionals

The global indirect tax landscape is rapidly evolving towards real-time, data-driven administration, with eInvoicing and digital reporting becoming universal priorities, expanding beyond the EU to regions like Africa and Latin America.
Key focus areas highlighted by the OECD include the continued expansion of eInvoicing and digital reporting, refined compliance for B2C and e-commerce, and the development of Digital Continuous Transactional Reporting (DCTR) toolkits to guide countries in thoughtful transitions.
Artificial intelligence (AI) is increasingly adopted by tax authorities and businesses to enhance efficiency in tax administration, but human expertise, collaboration with authorities, and data readiness remain crucial for navigating these changes effectively.

Source Fintua

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