The draft OECD VAT/GST guidelines have just been released for public consultation. Alain Charlet describes how they apply to a practical business case
At its meeting in January 2010 the OECD Committee on Fiscal Affairs (CFA) approved the publication on the OECD website for public consultation of the draft OECD VAT/GST Guidelines on the place of taxation of internationally traded services or intangibles (www.oecd.org/ctp/ct).
The drivers for this work were the changes in technology and business models that had led to significant increases in supplies of services and intangibles across international borders.
This work started in 2006 when the Committee agreed that internationally traded services and intangibles should be taxed according to the rules of the jurisdiction of consumption. Consultation documents testing a number of business scenarios were issued by the Committee in 2008 (www.oecd.org/ctp/ct). Since it is not practicable to tax consumption directly...
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The draft OECD VAT/GST guidelines have just been released for public consultation. Alain Charlet describes how they apply to a practical business case
At its meeting in January 2010 the OECD Committee on Fiscal Affairs (CFA) approved the publication on the OECD website for public consultation of the draft OECD VAT/GST Guidelines on the place of taxation of internationally traded services or intangibles (www.oecd.org/ctp/ct).
The drivers for this work were the changes in technology and business models that had led to significant increases in supplies of services and intangibles across international borders.
This work started in 2006 when the Committee agreed that internationally traded services and intangibles should be taxed according to the rules of the jurisdiction of consumption. Consultation documents testing a number of business scenarios were issued by the Committee in 2008 (www.oecd.org/ctp/ct). Since it is not practicable to tax consumption directly...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
