- OECD released its Consumption Tax Trends 2024 report
- Average standard VAT rates in OECD countries rose to 19.3 percent from 19.1 percent in 2023
- All OECD countries with a VAT system now have rules for online sales of services and digital products by non-resident e-commerce vendors
- Several countries have extended these rules to cover imports of low-value goods
- Most OECD countries have adopted electronic reporting obligations, but these vary widely in scope and detail
Source: taxscape.deloitte.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
