Sales tax risk: What to ask (part 2)
Assessing a company’s sales tax risk and exposure starts (and maybe ends) with the right questions.
The United States has possibly the world’s most complex sales tax regime. This is because each state sets its own sales tax rules, and states often take widely varying approaches. As a result, each state has a different tax framework, with varying rules around everything from tax liability and tax rates to exemption categories and reporting requirements. On top of this, some local area tax jurisdictions also have powers over some aspects of taxation and can set different rules for their city or county.
Selling your products/services into the US opens a sizable range of sales opportunities, but it could also open the door to significant complexity in managing your US sales tax obligations. As a business based outside of the US you may think you have no obligations to sales tax, but that is not necessarily the case.
In this free guide, we explain key sales tax considerations if you are conducting business in the US and how to determine if you have obligations and how to manage them.
Click below to learn how TaxConnex can take your sales tax obligation off your plate when conducting business in the US!
Assessing a company’s sales tax risk and exposure starts (and maybe ends) with the right questions.
Copyright © 2024 TaxConnex™