Vistra content is developed by experts to increase your professional knowledge and lower your global operating risks.

1/23/2020

In a recent interview, the managing director of Vistra’s Reading, UK office said of operating internationally: “VAT and indirect taxes look deceptively simple but can go horribly wrong on a small detail, especially with cross-border transactions.” The bottom line is that if your organization operates abroad or is considering international expansion, you’ll have to understand and follow the indirect tax laws of each country of operation. Failure to comply with VAT rules, or to understand your entitlements under local law, can lead to additional costs, unanticipated tax liabilities, potentially needless VAT registrations and of course financial penalties.

6/18/2019

The list of countries implementing BEPS-related guidance now tops 125 and is growing. The hard truth is that virtually any business with cross-border activities — including those that engage in cross-border digital commerce — must throw away outmoded notions of creating local taxable presences solely through physical presences and of easily and legally moving profits to low-tax jurisdictions.