Publication by the OECD of the first chapters of the “International VAT/GST Guidelines”
Further to the “OECD Global Forum on VAT” that took place last 17th and 18th of April in Tokio, the Organization for Economic Co-operation and Development (OECD) has published the first chapters of the guidelines for VAT and GST on international trade.
The guidelines try to establish a strong base for the application of VAT and GST on an international level, avoiding double-taxation issues or even unintended non-taxation resulting from the inconsistencies in the application of VAT to international trade.
The first three chapters are focused on the VAT neutrality principle for international trade and to determine the place of taxation for supply of services and intangibles in case of cross-border transactions.
Enclosed is the document in English language.
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