2023 Sales Tax Trends: Three Policymaking Focal Points
George L. Salis provides further insight into 2023 sales tax trends and what tax leaders should monitor to get a read on possible 2023 tax policymaking actions
Understanding tax regulation can be challenging at the best of times. In much of Latin America, rules around withholding taxes on B2B transactions vary so greatly it can dramatically hinder efficient business.
This fact is especially concerning when it comes to the consequences of non-compliance. For example, in Argentina, failure to pay taxes can result in hefty fines of up to 10 times the amount not paid. Effectively managing B2B transactions, therefore, is of the essence.
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