U.S. Sellers and global ecommerce: Indirect Taxes in 2021
LIVE WEBCAST |
We have seen many new businesses adapt and launch online offerings to deal with the sudden stops caused by the pandemic this year. As U.S. businesses navigate this and the ongoing recovery, a number of significant changes are on the horizon. The first one is the exit of the United Kingdom from the European Union (Brexit) in January 2021. And six months later there will be the EU 2021 VAT reform for e-commerce, which will include:
- A single EU VAT return for e-commerce—OSS (One Stop Shop)
- Withdrawal of the low value consignment stock loophole and introduction of the import OSS (IOSS) import scheme
- Marketplaces as the deemed suppliers and VAT collectors on certain seller transactions
This webcast is focused on the needs of U.S. businesses and the set of unique challenges they face when engaging in online sales of both goods and services overseas. We’ll address the most common routes to market open to U.S. sellers, including utilizing online marketplaces as well as making direct sales or using agents or facilitators. Additionally, we will consider the best approaches for U.S. businesses to provide the most seamless experience to their customers while being compliant for VAT purposes around the world.
At the conclusion of this webinar, participants will be able to:
- Articulate recent trends with respect to e-commerce and global indirect taxes
- Explain the ways in which U.S. sellers can operate with regard to the sale of digital services and goods
- Describe the European Union’s 2021 VAT reform for e-commerce
- Explain the implications of Brexit and VAT/customs requirements
- Summarize strategies for managing overseas VAT/GST compliance and reporting obligations
CPE credit available
RSM US LLP is pleased to offer 1.0 CPE credits for attending each webcast. To qualify, you must log in to the webcast and provide your first name, last name and email address. You must remain logged in for a minimum of 50 minutes and answer 75 percent of the polling questions to receive credit. Group CPE is not available. For more information regarding administrative policies, such as refunds, cancellations and complaints, please contact us.
RSM US LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Advance preparation: None | Program level: Basic | Prerequisites: None | Delivery method: Group internet-based
Field of study: Taxes | CPE: 1.0 credits per webcast