Abstract: “During the last 50 years there is a strong trend around the globe for implementation and extension in base and in rates of Indirect Taxes and more specifically of Value Added Tax, Goods and Services Tax and Business Tax. In the same time many corporations are increasing in size and are extending the reach of their operations far away from the region that the base of their activities was focused. In parallel the global economy and the global trade, are entering a stage of transformation both due to the fact of an ever-changing geopolitical balances but also since information technology is becoming an integral element and component of operational process flow. Of course, from the other side, the governments and the organizations above them, are also driving the public sector more and more in a modernization that will allow to increase the level of its effectiveness and, at the same time, meet and face the challenges that are occurring from the globalization and the implementation of new”

Keywords: VAT and GST, Indirect tax trends, globalization, technology, tax administration, legal and tax organization, tax risk assessment, tax risk management.