The OECD has announced the release of Revenue Statistics in Asia and the Pacific 2025, showing that tax revenues increased on average across the Asia-Pacific region for the third consecutive year in 2023, driven by higher VAT receipts.
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VAT drove up tax revenues in the Asia-Pacific region in 2023
Tax revenues increased on average across the Asia-Pacific region for the third consecutive year in 2023, driven by higher value-added tax (VAT) receipts, according to a new OECD report.