OECD releases e-commerce VAT toolkit for Asia-Pacific international locations

OECD releases e-commerce VAT toolkit for Asia-Pacific international locations


OECD releases e-commerce gross sales tax toolkit for Asia-Pacific international locations

by Ulrika Lomas, Tax-Information.com, Brussels

March 21, 2022


On March 10, the OECD launched a brand new VAT Digital Toolkit for Asia Pacific (APAC) international locations. The toolkit goals to help native tax authorities in higher gathering VAT on e-commerce actions.

APAC is dwelling to the most important e-commerce market on the planet. The toolkit goals to assist the area’s tax authorities acquire VAT not solely on gross sales from on-line marketplaces and overseas retailers, but additionally on gross sales of apps, streaming providers, on-line video games and ride-hailing providers.

The OECD stated: “The toolkit supplies detailed steering on how one can implement a complete VAT technique focusing on all kinds of e-commerce. It goals to assist governments safe very important VAT income and guarantee a stage taking part in discipline for brick-and-mortar retailers and abroad on-line merchants.”

This toolkit was created by the OECD in collaboration with the World Financial institution Group. This partnership additionally consists of spending on Latin America and the Caribbean and Africa. The Asian Improvement Financial institution (ADB) has made a big contribution as a regional accomplice for the APAC area.



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