Virtual Workshop on Addressing the Tax Challenges of the Digitalization of the Economy: Focus on Value-Added Tax

Event | 23 - 25 September 2020
Online

Time of event

15:00–18:00 Tokyo time
08:00–11:00 Paris time

Summary

The digitalization of economies in Asia and the Pacific is resulting in a widening gap between technology and financial regulation, with significant implications for taxation policy. Bridging this divide through coherent and well-coordinated policies is imperative for effective and secure digital transformation, requiring a multi-stakeholder, whole-of-government approach to policymaking.

Co-hosted by ADBI, the Organisation for Economic Co-operation and Development (OECD), and Asian Development Bank, this virtual workshop discussed the development of consumption taxes such as value-added taxes (VAT) and goods and services taxes (GST) in Asia and the Pacific in the face of digitalization. The focus was on VAT and GST experiences, lessons learned, and best practices at a country-level.

Objectives
  • Examine the role of digitalization, Pillar One and Pillar Two issue on Corporate Tax, and Cross Border VAT (the OECD VAT Guidelines) in promoting inclusive growth
  • Identify good practices in tax system and digital economy development by highlighting knowledge, process, and data access gaps in existing policy frameworks
  • Explore ways to apply consumption tax principles in the digital environment as well as the regulation of cross border suppliers, digital platforms, and the sharing economy
Participants
Output
  • Deepened understanding of tax challenges in the face of digitalization
  • Enhanced dialogue, trust, and partnership among policymakers and experts on key tax and digitalization issues
  • Policy recommendations for improving tax administration and prudential frameworks in the digital era
  • Presentation materials featuring during the virtual workshop to be made available on the ADBI website
How to register

By invitation or prior arrangement with ADBI

Partners
  • Organisation for Economic Co-operation and Development
  • Asian Development Bank
Subjects