VAT in the Digital Economy

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This course explores the impact of e-commerce transactions on VAT systems and the OECD recommendation for the place of supply rules on these transactions. Additionally, the course deals with the place of supply rules in several jurisdictions, their rationale and why was there a need for change. The VAT challenges of e-commerce transactions and potential solutions, from the taxable person’s, the tax authorities’ and the marketplace perspective; and the VAT consequences of the sharing economy are also analysed. The VAT treatment of cryptoassets and NFTs is also covered. Finally, participants explore the interaction between VAT and technology. The modules will focus on determining the relevance of data collection and its use for tax authorities, businesses and third parties, including reporting obligations. How new technology, for example, blockchain can help combating VAT fraud is explained.

Topics Covered

  • Introduction to VAT in the digital economy
  • E-commerce – Setting the scene, trends and place of supply rules
  • E-commerce supply of services – Comparative analysis
  • E-commerce imports of low value goods – Comparative analysis
  • E-commerce – Challenges
  • VAT and cryptoassets including cryptocurrencies and NFTs
  • VAT and technology: Data collection and reporting obligations
  • VAT and technology: The use of data and third-party obligations

Learning Objectives

After following the online course, a tax professional will:

  • Identify trends for taxing VAT/GST in the digital economy
  • Assess how the evolution of technology and business models changed the way VAT/GST is collected
  • Describe the rules recommended by the OECD related to transactions in the digital economy and how different jurisdictions implemented them
  • Identify the VAT treatment of different cryptoassets
  • Determine the relevance of data collection for tax administrations and businesses
  • Assess when new technology can improve VAT compliance

Who Should Participate

The course is open for all; however, it would be highly beneficial for:

  • Tax lawyers from law/and or accounting firms
  • Tax/VAT professionals of law/accounting firms 
  • Tax/VAT professionals/directors of businesses 
  • Finance professionals/manager/controllers of businesses
  • Government officials/Tax inspectors from tax administrations

Recommended prerequisites (for guidance only) and advance preparation

No advance preparation is necessary. All required study material is provided within the online training.

Total Study Time and Access Period

Access to the online course is granted for a period of 2 months, from the date of ordering or the indicated start date.

Mandatory course activities: 11 hours 26 min

All mandatory course activities can be completed within the access period by dedicating approx. 1 hour 26 mins of study per week. Please note that study materials included in the course or certificate programme will be accessible for the duration of the access period only. Non-mandatory supplementary material is also provided in this course.

Continuing Professional Education (CPE)

We recommend you check with your respective accrediting organizations to determine the eligibility of CPE credits.

International Bureau of Fiscal Documentation (IBFD) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Recommended NASBA CPE credits for this course is: 12

FAQ

See our FAQ section for more information. Regarding administrative policies such as complaint, cancellation or refund, please refer to our Terms and Conditions or contact us at info@ibfd.org. 

Additional Information

Field of study: Taxes

Delivery format: Online - QAS Self Study

Course last reviewed: March 2023

Disclaimer

Please note that the content of this online course is subject to change based on updates in industry standards, regulatory requirements, and other developments. We strive to provide the most accurate and current information; however, we recommend verifying any critical details independently.

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