On 10th October 2022, the OECD published its Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors. The report states that work is now ongoing to ensure the consistent domestic and international application and effective implementation of the CARF. The implementation package will consist of a framework of competent authority agreements or arrangements for the automatic exchange of information collected under the CARF, technical solutions to support the exchange of information and a further elaboration of the requirements to ensure the effective implementation of the CARF. The OECD will work to assist developing economies with the implementation of relevant reforms. The Secretary General’s Tax Report also states that to date, over 75 jurisdictions, including developing economies, have implemented these standards and guidance as an integral part of their responses to the tax challenges of the digitalising economy. In the European Union alone, the revenue raised from inbound services through OECD-led Value Added Tax (VAT) / Goods and Services Tax (GST) reform was at nearly USD 32 billion in the first six years.