• New OECD international standard addresses the collection of VAT on cross-border sales

    09-11-2015

    At the annual OECD Global Forum on VAT on 5-6 November 2015, representatives of more than 100 countries endorsed the new OECD International VAT/GST Guidelines, clearing out how governments should apply Value Added Taxes or Goods and Services Tax to the continuously rising volume of cross-border trade.

    Effectively, the collection of VAT on cross-border sales takes place in the country where products are consumed.

    The OECD International VAT/GST Guidelines set standards on VAT-neutrality and on destination-based taxation of cross-border sales of services to businesses (B2B) and final consumers (B2C) can be found at http://www.oecd.org/tax/consumption/international-vat-gst-guidelines.pdf.

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EUCED - European Network for Economic Cooperation and Development is a European Economic Interest Grouping (EEIG), as per EU Council Regulation # 2137/85, established for European and worldwide economic and development operations. As well as, the status of an European Business Association.

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