Revenue Statistics 2022. Tax revenues rebounded as economies recovered from the COVID-19 pandemic, according to new OECD data
Tax revenues bounced back in 2021 as OECD economies recovered from the initial impact of the COVID-19 pandemic, according to new OECD data released on Wednesday, November 30, 2022 in the report Revenue Statistics 2022. This has been announced with a news release on the website of the OECD. Further from the news release: Revenue Statistics 2022, which presents tax revenue data for the second year of the COVID-19 pandemic, ...
Digital platforms have an important role to play in value added tax policy in the sharing and gig economy
Digital platforms can play an important role in the application of Value Added Taxes/Goods and Services Taxes (VAT/GST) policies in the sharing and gig economy, according to a new OECD report “The Impact of the Growth of the Sharing and Gig Economy on VAT/GST Policy and Administration”. This has been announced with a press release on the website of the OECD on the occasion of the release of the report ...
Global tax community welcomes new measures to enlist online marketplaces in the collection of VAT/GST in e-commerce
Delegates from over 100 jurisdictions, including regional and international organisations, have unanimously endorsed new rules that will ensure the collection of additional VAT/GST revenues and will level the playing field between operators in traditional and online markets. Meeting in Melbourne, Australia on 20-22 March 2019, around 300 participants attending the Global Forum on VAT, welcomed measures proposed in a new report by the OECD on The Role of Digital Platforms ...
Tax revenues continue increasing as the tax mix shifts further towards corporate and consumption taxes
Tax revenues in advanced economies have continued to increase, with taxes on companies and personal consumption representing an increasing share of total tax revenues, according to new OECD research. This was announced in a press release dated 5 December 2018 as published on the website of the OECD. From the press release: The 2018 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio rose ...
OECD and Argentina continue the fight to tackle tax crime
Twenty-eight officials participated in the inaugural “VAT/GST Fraud Investigations” course at the OECD Latin America Academy for Tax and Financial Crime Investigation last week in Buenos Aires. This was announced in a press release published on the website of the OECD. From the press release: The Academy was launched earlier this year as part of Argentina’s G20 presidency by Argentina’s Minister of Treasury Nicolás Dujovne and the OECD Secretary General ...
OECD/IMF Report on Tax Certainty – 2018 Update
On 22 July 2018, the OECD/IMF Report on Tax Certainty – 2018 Update was published on the website of the OECD. This report was originally published as Annex 3 to the OECD Secretary-General Tax Report to the G20 Finance Ministers and Central Bank Governors, which was issued on 22 July 2018 after the G20 Finance Ministers meeting in Buenos Aires, Argentina (see a separate article in today’s CFN-issue). This report from ...
OECD delivers implementation guidance for collection of value-added taxes (VAT/GST) on cross-border sales
On 24 October 2017, the OECD released new implementation guidance to promote the effective collection of consumption taxes on cross-border sales. This guidance will support the consistent implementation of internationally agreed standards for the VAT treatment of cross-border trade and is of particular relevance given the rapid and ongoing digitalisation of the economy. The new guidance - Mechanisms for the Effective Collection of VAT/GST Where the Supplier Is Not Located ...
OECD Global Forum on VAT: Tax experts gather to discuss solutions for common challenges in the design and operation of VAT systems; also the boom in e-commerce was discussed in the context of the BEPS Project
In a press release of 13 April 2017 the OECD announced that approximately 300 participants, representing over 100 delegations from countries, jurisdictions and international organisations, as well as representatives from the business community and academia, gathered on 12 – 14 April 2017 in Paris for the fourth meeting of the OECD Global Forum on VAT. Also the release of the Recommendation of the Council on the Application of Value ...