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

Improvements in technology have fundamentally changed tax authority expectations on how much data a company can provide and when. For many companies, digitalisation is the only way to stay compliant as authorities migrate to a real-time, digital indirect tax environment. In a recent webinar organised by Thought Leadership Global in partnership with Thomson Reuters, a  […] … 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

The European Commission’s latest value-added tax (VAT) regulations for online sellers and marketplaces amount to countless pages of legislation, which could take a good deal of time to review, digest, and implement. If your e-commerce business-to-consumer (B2C) organisation is still trying to keep pace with the July 2021 changes, we have compiled a list of […] … Read More