A new toolkit released today will support the effective collection of Value Added Tax (VAT) revenues from e-commerce activities in the Asia-Pacific (APAC), which is the world’s largest e-commerce region.
The further acceleration of e-commerce growth throughout the COVID-19 pandemic has emphasised the importance of applying Value Added Tax (VAT) effectively to digital trade for jurisdictions across the region.
The VAT Digital Toolkit for Asia-Pacific (APAC) provides detailed guidance for the successful implementation of a comprehensive VAT strategy directed at e-commerce. It is designed to help governments secure increasingly significant VAT revenues and to ensure a level playing field between traditional brick-and-mortar businesses and foreign online merchants.
Source: OECD
