OECD Releases Guidance on Collection of VAT on Cross-Border Sales: The OECD has released new value added tax (VAT) guidance, Mechanisms for the Effective Collection of VAT/GST Where the Supplier Is Not Located in the Jurisdiction of Taxation. The guidance focuses on the implementation of the recommended approaches included in the 2015 Final Report on Action 1 (“Addressing the Tax Challenges of the Digital Economy”) of the OECD’s base erosion and profits shifting (BEPS) project. The guidance discusses the collection of VAT on supplies of services and intangibles by foreign suppliers, implementation of registration-based collection regimes and simplification of registration and reporting regimes that are intended to improve the compliance of foreign suppliers.