The pandemic has seen a rise in global online sales, with companies able to sell their services and goods to consumers in any country in the world without the need for a physical presence. Although this has offered companies huge growth opportunities, it also brings with it a mountain of indirect tax complexities. Companies now must comply with taxes across a number of new markets while also navigating new tax regulations that many countries have introduced that deal solely with cross-border commerce. Businesses who fail to develop their tax compliance processes in line with their sales growth are at greater risk of non-compliance.

One report has found that the primary concern of indirect tax managers is trying to keep up with regulatory changes that create evermore complex tax management challenges for companies. Another major challenge for companies is being able to quickly and accurately pinpoint the location of the purchaser to ensure they know the correct tax treatment within the correct taxing jurisdiction. Deploying specialist tax software can help expedite this process by moving companies closer to the source of transaction and automating error-prone, time consuming internal processes.

This digital webinar, hosted by the Financial Times and in partnership with Vertex, explores how the rise of online cross border selling has created new tax management challenges for companies and what businesses can do to overcome these obstacles.

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