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Indirect tax consulting and compliance
Taxing transactions: Sales, purchases, intercompany and cross-border movements
At its core, there are three elements to indirect tax: the transaction, the tax liability of the transaction and the associated compliance obligation. At first glance, indirect tax is a relatively simple concept—but getting your associated compliance right is far from simple. There are more than 170 countries around the world operating a VAT system, but the U.S. operates a sales and use tax system with myriad rules, regulations, taxing jurisdictions and compliance obligations. In addition, the cross-border movement of goods introduces the possibility of customs duty and excise taxes as well as VAT.
Most tax authorities are unsympathetic to the mistakes businesses make managing their indirect taxes, and will consequently apply significant penalties.
RSM offers a full suite of consulting, compliance and automation services covering indirect taxes both domestically and globally from a highly trained and experienced U.S.-based team. We help companies avoid common mistakes by guiding them on the right path to managing each transaction. RSM professionals will work with you to establish processes and systems that mitigate risk, improve efficiency and meet your compliance obligations.
Join RSM Canada on June 7 to learn more about GST/HST changes for businesses outside of Canada who sell remotely to customers in Canada.
Purchasers of software to be used in multiple jurisdictions can apportion sales tax and may be able to seek a refund of tax paid.
Organizations earning fees for digital products and services from residents of Canada may be required to register for GST/HST.
The first-in-the-nation digital advertising tax is postponed for one year until 2022 while the state prepares regulations and guidance.
Mexico bans subcontracting arrangements. Companies need to act by Aug. 23 2021 to avoid tax, legal and judicial consequences.
Tax bill requires remote sellers with over $100,000 in sales in the state to collect and remit sales taxes beginning July 1, 2021.
Tax bill adopts economic sales tax nexus and marketplace facilitator nexus; makes other administrative tax changes.
Beginning for the April tax period, certain taxpayers are subject to advance payment requirements despite a longer return filing period.