The U.S. Supreme Court ruling stands to dramatically change the landscape for online sellers when it comes to sales tax. The ruling, South Dakota v. Wayfair, was announced in June 2018 and makes it mandatory for online retailers to collect sales tax from customers in individual states, even if they do not have a physical presence in those states. The ruling also means that the states will likely now increase their efforts to collect sales tax on online sales.
Any business that sells goods remotely could be affected, which means some companies may need to invest in new technology and processes for taxes.
Michael Bernard: Chief Tax Officer of Transaction Tax | Vertex Inc. Nancy Manzano: Director in the Chief Tax Office | Vertex Inc. Mark Sieszkowski: Senior Product Manager | Vertex Inc.
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About the Series
Now more than ever, tax teams and tax leaders are left scratching their heads at the constantly changing tax landscape. As selling becomes more complex and digital, so too does sales tax and other indirect tax types. It’s impossible not to have questions amid all this change. At the core is perhaps the most important question – what does all this change mean for my business?
The six-episode Tax Technology Today podcast series takes tax and IT professionals through a journey of the current tax landscape. Each episode provides clarity around tax technology as it stands today. We discuss the best ways your business can improve its tax processes to stay compliant and grow with confidence.