Understanding the complexities of indirect taxes is a vital aspect for businesses operating on a global scale. As we continue through 2024 and beyond, several key trends are emerging that could impact how companies manage their tax strategies. Here are five global indirect tax trends businesses should be aware of.
- Digitalization of tax systems
- Expansion of GST and VAT
- Increased focus on e-commerce
- Rise of environmental taxes
- Complexity in digital services tax rules
Source: taxually.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "World"
- E-Invoicing Reimagined: A Fresh Approach to VAT Calculation and Payment
- Global upcoming VAT rate changes
- ERP Integration with Global E-Invoicing: Challenges and Strategies
- Understanding VATs and Tariffs: Essential Tax Principles for U.S. Global Business Success
- IMF Paper Analyzes VAT Efficiency in Revenue Generation and Non-Revenue Objectives
