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Daily Tax Report: International

OECD Pitches Punting VAT Compliance Burden to Digital Companies

March 22, 2019, 7:48 PM

The OECD released recommendations on how digital tech giants can aid in the international effort to crack down on value-added tax fraud.

The list of possible solutions for indirect tax collection for countries to consider as they draft rules aimed at taxing the digital economy include imposing new reporting and collection requirements on online sales platforms.

  • The March 22 report proposes that countries hold digital platforms fully responsible for assessing, collecting, and remitting any value added tax or goods and services tax arising from online sales.
  • The Organization for Economic Cooperation and Development says the report’s recommendations should be taken...

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