OECD implements guidance for VAT collection on cross-border sales

OECD implements guidance for VAT collection on cross-border sales

Value Added Tax (VAT), also known as Goods and Services Tax (GST) in a number of countries has become a major source of revenue for governments around the world. As VAT continued to spread across the world, international trade in goods and services has also expanded rapidly in an increasingly globalised economy. One consequence of…

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