- OECD officials said AI is helping tax authorities detect VAT non-compliance much faster, cutting review time from about nine months to three months.
- AI tools let administrations analyze large datasets more efficiently and with fewer resources.
- Some of these AI initiatives were run by small teams with limited budgets.
- The OECD also highlighted ongoing VAT collection challenges from online sellers, foreign suppliers, and digital business models.
- It noted that 122 jurisdictions have introduced VAT measures for digital services.
Source: globalvatcompliance.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.
