In any large company, the idea of achieving greater “efficiency” is really an ongoing effort to increase profitability by finding ways to modify various systems, processes, and workflows in order to save time and money. Tax departments must also take into account external factors such as inflation and rising interest rates, which add pressure to […] … Read More

Unbeknown to many companies outside of the United States, the US has reinstated a long-dormant environmental tax known as the Superfund Excise Tax, which impacts certain companies in the EU and UK — especially those involved in the chemical, gas, and petroleum industries. Reinstated as part of the (IIJA), the Superfund Excise Tax was originally […] … Read More

Last year, e-commerce businesses and marketplaces doing business in the European Union (EU) were given access to an innovative indirect tax regime that introduces new value-added tax (VAT) rules on goods being sold to EU customers. The One-Stop-Shop (OSS) and Import One-Stop-Shop (IOSS) regimes are optional, and companies must register through an online portal to […] … Read More

For corporate tax departments, making the tax technology pitch for an automated solution is a relatively simple one. 1—It will save money by: reducing tax errors and over-payments making the department’s overall operations more efficient reducing IT maintenance costs and reliance on third-party outsourcing   2—It will protect the organisation against: fines and penalties for […] … Read More

Corporate tax teams that want to invest in an automated indirect tax solution can’t simply declare to decision-makers that efficiencies, cost savings, and a host of other benefits will magically start boosting the bottom line once the software is activated. Rather, to make a persuasive case for investment in automation, tax teams must explain: where […] … Read More

The ongoing changing landscape of indirect tax processes and reporting obligations has seen the digitisation of tax authorities around the world gather pace. However, that brings, a corresponding impact on tax functions, giving them little time to adapt to this change. From a compliance point of view, there are challenges as multinationals try to address […] … Read More