Paris, 6 November 2015 - At the 3rd OECD Global Forum on Value Added Tax (VAT) and Goods and Services Tax (GST) held in Paris today, BIAC welcomed the endorsement of the completed OECD International VAT/GST Guidelines and called for their consistent implementation globally to remove VAT/GST obstacles to cross-border trade in services and intangibles.
Bernhard Welschke, Secretary General of BIAC, said that “The Guidelines are a milestone for the global business community and a foundation for further work on the removal of obstacles to international trade and investment created by globally inconsistent VAT/GST rules”.
The Global Forum brought together senior officials from over 100 delegations representing governments, international organizations, business representatives and academia to discuss progress made in the development of the International VAT/GST Guidelines. The Guidelines were endorsed by governments as an International Standard to address issues of double taxation and unintended non-taxation resulting from inconsistencies in the application of VAT to international trade.
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