A Tax Professional’s Playbook to Expanding Internationally

6 Tips to Prepare for Global Compliance

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In today’s global economy, expanding outside of the U.S. is a crucial step for businesses seeking long-term growth and success. Each new market your business enters has untapped potential and a larger customer base, which in turn can lead to increased market share and revenue. However, it’s crucial to understand that with international expansion also comes a heightened level of complexity and associated risks, primarily related to cross-border tax compliance. To help your tax and finance departments feel confident you can tackle your new global tax compliance requirements, we suggest you take six steps including:

  1. Become familiar with VAT.
  2. Get clear on which markets you will enter.
  3. Understand product and channel growth goals.
  4. Make tax processes consistent across all channels and systems.
  5. Optimize your tax team’s structure.
  6. Keep up to date on new tax rules and rates.

Download the guide now to learn more about these steps as well as how tax automation can support your global expansion initiatives.

Use this playbook to help you remain tax compliant, no matter which markets you enter.

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