Indirect taxation is becoming ever more complicated, getting on top of the complexity and change is vital.
While the move to VAT/GST is often viewed as a fairly simple change, a typical readiness project is a significant business issue.
Whilst corporate tax avoidance continues to grab headlines, some of the biggest reforms are in fact occurring within indirect tax.
For tomorrow’s billion-dollar tech companies, the challenge and complexity of tax should never be underestimated.
As global attitudes towards tax change, tech companies need to future-proof their tax practices to stand up to enhanced scrutiny. The way in which companies markets and sells its services can also have tax implications. Therefore, one thing is clear – tax matters, and ambitious tech companies need to develop a tax strategy that can keep pace with their growth aspirations.
As more and more goods and services are crossing national borders than ever before, and with indirect taxes being adopted by a growing number of tax authorities, international businesses are facing tax issues in many overseas countries - including the possibility of having to account for tax in the country where their customer is located.