For many companies, indirect tax compliance is unquestionably a challenge. Businesses must not only understand the diverse and complex tax rules and varying tax rates for each country, province or state, but also properly collect and document taxes in each area where the organization has locations, customers or warehouses.
As the world becomes more connected, these compliance concerns broaden. Companies must manage their global indirect tax responsibilities including value-added tax (VAT) across Europe and beyond, goods and service taxes and harmonized sales tax taxes (GST/HST) in Canada and sales and use taxes in the United States. Each tax rate is different, has different rules, requires different procedures and documentation.
Lean on RSM’s experienced indirect tax team to remove inefficiency. We begin by understanding your growth strategy so we can optimize your domestic and foreign indirect tax obligations. Our experienced professionals will step in with practical tax knowledge and technology applications to support your indirect tax efforts.