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

Delivery Method and Core Study Time

Online (QAS self-study)

The VAT in the Digital Economy course consists of 6 modules with video lessons of approximately 1 hour each, recommended reading materials and assignments to help apply knowledge in practice. There will be assessments to test your overall understanding.

Field of Study

Taxes

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

Prerequisites

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

Components of Training and Study time

The course is divided into 8 modules, that further consist of several submodules. Each module has following components:

  • Videos: 1-3 videos per module
  • Case-studies: 1-2 per module
  • Assignments and Assessments:  2 assessments for each specialised field
  • Reading material: for each module

The course must be completed within 2 months and can be followed and completed by dedicating a minimum of 5 hours of study per week. Study materials included in the course will be accessible for 2 months.

Continuing Professional Education (CPE)

International Online Tax Courses in many cases qualify for CPE credits pursuant to the rules of a number of professional associations other than those listed above. Participants are encouraged to check with their professional and/or national associations to determine eligibility in this respect.

International Bureau of Fiscal Documentation (IBFD) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of CPE on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Issues 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

Please consult the FAQ for more information. Regarding administrative policies such as complaint, cancellation and refund, please refer to our Terms and Conditions or contact info@ibfd.org.

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