OECD developing crypto VAT framework for global tax alignment
The OECD is currently preparing a framework to assist countries in applying value-added tax (VAT) to crypto assets, according to a senior OECD official.
The framework is being created by the OECD’s working party on consumption taxes and will evaluate how different types of crypto assets and related services are treated for VAT purposes.
Key points from the announcement:
This upcoming framework aims to bring consistency to how VAT is applied to crypto assets across jurisdictions, amid growing use and regulatory attention.
