International VAT/GST Guidelines

International VAT/GST Guidelines provide a framework for how value-added tax (VAT) and goods and services tax (GST) should be applied globally. These guidelines ensure consistency in tax policy, helping countries manage consumption taxes on goods and services across borders. They aim to prevent double taxation, ensure fair competition, and promote efficient tax collection. By harmonizing rules, countries can facilitate international trade and support businesses in understanding their tax obligations, regardless of where they operate. Ultimately, these guidelines help simplify complex tax systems in a globalized economy.