Approximately 300 participants, representing over 100 delegations from countries, jurisdictions and international organisations, as well as representatives from the business community and academia, on 12-14 April 2017, gathered in Paris for the fourth meeting of the OECD Global forum on value added tax (VAT).
According to an OECD release, the meeting offered participants from around the world a way to provide their input on VAT design and operation. Participants agreed that attention must now be turned to implementing the VAT/GST (goods and services tax) recommendation. They welcomed the development of "implementation packages" to support the implementation of the VAT/GST recommendation, and they discussed a first package on the implementation of mechanisms for the collection of VAT on internet sales.
Participants also discussed the boom in e-commerce on which often no VAT was collected had been identified as a key challenge in the context of the OECD/G20 project on base erosion and profit shifting (the BEPS project). The solutions to address this challenge had been included in the final package of BEPS measures completed in 2015. These solutions are now also incorporated in the VAT/GST recommendation and many countries have already successfully implemented them or consider doing so.
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