Asian countries should adopt digital services VAT to boost revenue: IMF


Imposing VAT on nonresident suppliers of digital services could raise revenue of between 0.04% and 0.11% of GDP in certain Asian countries. That’s the finding of a new IMF report,  “Digitalization and Taxation in Asia”. According to the IMF, that would mean “an additional $166 million in Bangladesh, $4.8 billion in India, $1.1 billion in […]