Threat or strategic opportunity: the indirect tax story

At a high level, we see three distinct indirect tax trends:

the growing importance of indirect taxes, and in particular VAT/GST, as a source of revenue within the overall tax mix
significant challenges regarding the collection of indirect taxes on the continuously growing volumes of goods and services purchased online by private consumers from foreign suppliers, and
the proliferation of new, technology-based, tax-reporting obligations implemented unilaterally at a national level, together with the automatic exchange of information between tax authorities.

Source: PwC