Developing Countries Eye More Tax Revenue From Online Sales
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Developing Countries Eye More Tax Revenue From Online Sales
Demand for online shopping has added pressure on developing countries to enhance their value-added tax systems. The OECD noted that this trend is expected to continue to at least 2025. However, VAT is not collected in many countries under eixsting rules. To help, the OECD published the VAT Digital Toolkit for Africa on February 15, the third in a series of toolkits that cover all types of e-commerce activities for Africa, Asia-Pacific, and Latin America.
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