eCommerce Tax Implications for Global Operations
Taxes are a part of doing business, and the requirements for collecting and paying taxes are varied and complex with different requirements for different countries, regions and municipalities that you may want to do business in. It isn't just a matter of determining in what countries do you need to collect taxes, you need to make sure you are properly calculating the taxes, managing the changes to tax rates and properly reporting those taxes to the appropriate tax authorities.
While this course is not intended to make anyone a tax expert, it is intended to provide eCommerce professionals the background and fundamentals they need to properly consider and investigate tax liabilities for companies conducting cross border transactions. Knowing when to collect and not collect tax for eCommerce sales can be complicated and contingent on several different factors, and as sales expand internationally taxation becomes even more burdensome. These topics are discussed and explained along with discussions on vendors providing tax reporting, reconciliation and remittance services.
This course was last updated in July, 2019 to include a current and expanded discussion on the more than forty US states with "Economic Nexus" and more than twenty US states with "Click-Through Nexus" legislation for collecting sales tax online, as well as updated EU tax requirements and VAT rates around the world. HTML5 - compatible with all browsers and mobile devices.
Key Concepts Covered:
After completing this course you should be able to answer and discuss the following questions:
(1) What are the major differences in collecting taxes in North America, versus South America, Asia or Europe? (2) What is the difference between a tax calculation vendor and tax authority? (3) What is the importance of a nexus or a permanent establishment in determining tax liability?
Training Objectives: (1) Gain a basic underlying understanding of the major program requirements for complying with international tax collection. (2) Discuss regional considerations and implications in terms of complexity in tax management. (3) Describe the different types of tax vendors and the roles they play in the tax process. (4) Define key concepts such as tax nexus, VAT, tax calculation and tax reporting.
Expected time to complete training: 90 minutes (includes quizzes and exam)
Prerequisites: This is an Intermediate course and requires some basic knowledge, training or experience on the subject matter to understand the course material.
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Course Availability: Online, In-House and Webinar
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