Tax and business leaders gather at OECD to advance global dialogue on future-ready VAT systems amid digital transformation
- The OECD Global Forum on VAT held its sixth meeting in Paris, gathering over 300 representatives from 104 jurisdictions to discuss the importance of global coordination on VAT in the context of digital transformation and to commemorate the tenth anniversary of the OECD International VAT/GST Guidelines.
- Participants explored strategies for enhancing VAT compliance and combating fraud through near real-time data collection, utilizing new OECD guidance on Digital Continuous Transactional Reporting (DCTR) and the SCAN-VAT platform for secure information sharing.
- Discussions also addressed emerging challenges for VAT policy, including the impact of the crypto-asset economy and technological innovations like artificial intelligence, emphasizing the need for ongoing international dialogue to support sustainable VAT systems and public revenue.
Source OECD
See also
- OECD Guidance for Effective and Interoperable VAT E-Invoicing and E-Reporting Regimes – VATupdate
- RTCsuite: Fiscal Modernization in the Era of Tax 3.0: An Analytical Review of the OECD Guidelines on DCTR
