Richard Cornelisse

OECD VAT/GST Guidelines 2015

In Indirect Tax Strategic Plan on 22/11/2015 at 10:32 pm

Schermafbeelding 2015-11-22 om 22.21.47At the second meeting of the OECD Global Forum on VAT, in April 2014 in Tokyo, the high-level officials of 100 jurisdictions and international organisations endorsed the first three chapters of the OECD International VAT/GST Guidelines as global standards for the application of VAT/GST to international trade.

In the Statement of Outcomes of this meeting, they urged the OECD to finalise the work on the remaining elements of the Guidelines and to present the completed Guidelines for endorsement at the next meeting of the Global Forum.

This work has been carried out since April 2014 and the resulting new elements of the Guidelines have been merged with those that were endorsed at the 2014 Global Forum to form a fully consolidated draft.

This consolidated draft was approved by the OECD’s Committee on Fiscal Affairs (CFA) on 7 July 2015 with OECD and G20 countries working together on an equal footing, and is now presented for discussion at the third meeting of the OECD Global Forum on VAT.

These new elements of the Guidelines notably include a recommended solution for the effective collection of VAT/GST on the remote business-to-consumer sales of digital products by foreign suppliers (B2C Guidelines).

These B2C Guidelines were developed in the context of the OECD/G20 Project on Base and Erosion and Profit Shifting (the BEPS Project). They were included in the 2015 Final Report on BEPS Action 1 “Addressing the Tax Challenges of the Digital Economy” that was endorsed by G20 Finance Ministers at their meeting on 8 October 2015 in Lima, Peru, as part of the final BEPS Package.

The International VAT-GST Guidelines- aim and status (1).jpg

OECD VAT/GST Guidelines 2015

How to make that change

In Indirect Tax Strategic Plan on 19/11/2015 at 4:11 pm

In order to get buy-in from senior management it is often about setting the right priorities, understanding the root cause of underperforming and select a method for measurement that best fits. The deck explains what a tax function could do to get indirect tax higher on the priority list of senior management.

Is it all less challenging when change is initiated and sponsored by senior management itself? For example when the overall business framework is changed (e.g. COSO ERM) or non routine transactions are considered.

The video is 2 minutes slides-only and silent – you may want to use the pause button.

More detail: Where you are and where you want to go


Indirect tax risk management: strategic objectives per role

In Indirect Tax Strategic Plan on 12/11/2015 at 9:13 pm

Risk is like fire: If controlled it will help you; if uncontrolled it will rise up and destroy you. – Theodore Roosevelt

Indirect Tax risk management (1)Benchmark information, templates, modules and approaches are shared to support VAT process improvements and meet business objectives.

The global tax environment is changing rapidly. How do you anticipate, prepare for and manage these changes? The thought leadership publications on the GITM website could support but also challenge you. You will get access to new views, templates and methods to translate your indirect tax knowledge into workable business processes. In addition, senior management has often competing priorities and indirect tax not always rank high on their priority list. How do you achieve a turnaround and realize their buy-in?

‘Why’, ‘What’, and ‘How’ of Managing an Effective Indirect Tax function

Table of content


Get every new post delivered to your Inbox.

Join 207 other followers

%d bloggers like this: