- UN Tax Committee discussed indirect taxation issues on 27 March 2025
- Subcommittee identified areas needing further analysis and guidance for developing countries
- Topics include VAT treatment of Islamic Finance Instruments and VAT in the financial sector
- Other topics are VAT and the digital economy, cross-border VAT/GST disputes, and digital platforms
- Electronic certificates for VAT/GST refunds and designing less regressive VAT/GST systems are also suggested
- Some indirect tax issues were postponed and may be revisited by the new Tax Committee membership
- Postponed issues include VAT/GST interaction with other taxes and application in specific sectors
- Decision on further work will be made by the next Tax Committee membership
Source: regfollower.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.
