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OECD: New rules endorsed, collection of VAT/GST from online marketplaces

OECD: New rules endorsed, collection of VAT/GST

The Organisation for Economic Cooperation and Development (OECD) today issued a release reporting that delegates from over 100 jurisdictions, including regional and international organisations, have unanimously endorsed new rules that will ensure the collection of additional value added tax / goods and services tax (VAT/GST) revenues.

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As noted in the OECD release, at a Melbourne, Australia meeting, approximately 300 participants attending the Global Forum on VAT welcomed measures proposed in a new report by the OECD on The Role of Digital Platforms in the Collection of VAT/GST on Online Sales [PDF 2.2 MB]. The report includes:

  • New measures to make e-commerce marketplaces liable for the VAT/GST on sales made by online traders through their platforms
  • Data-sharing and enhanced co-operation between tax authorities and online marketplaces

This new report builds on the solutions for the effective collection of VAT on digital sales included in the base erosion and profit shifting (BEPS) Action 1.

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