OECD to set out global guidelines on VAT

The Global Forum on VAT is a platform for a global dialogue on international VAT standards and key issues of VAT policy and operation. Meeting topics included:

  • Global VAT policy trends and developments.
  • OECD International VAT/GST Guidelines: Setting the right standards and identifying options for their implementation.
  • Applying VAT to cross-border services and digital supplies.
  • Tackling VAT fraud.
  • The economy of VAT reform.

This event was a unique opportunity for tax officials and other stakeholders from around the world to:

  • identify common standards and best practices
  • share policy analysis and experience
  • strengthen international co-operation

18/04/2014 – The governments of 86 countries have taken a key step towards preventing value added tax from weighing on trade while also safeguarding state revenues by endorsing the first internationally agreed framework for applying national VAT rules to cross-border transactions.

More than 250 high-level representatives of around 100 countries, jurisdictions and international organisations attending the OECD Global Forum on VAT meeting in Tokyo on 17-18 April endorsed a new set of OECD Guidelines for the application of VAT or GST (Goods and Services Tax) to international trade.

These International Guidelines seek to address the problems that arise from national VAT systems being applied in an uncoordinated way in the context of international trade. They set standards aimed at ensuring neutrality in cross-border trade and a more coherent taxation of business-to-business (B2B) trade in services.

Read more: GITM OECD to set out global guidelines on VAT


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