Indirect taxes are a vital part of buying and selling things. Unlike direct taxes, indirect tax is only paid by the customer when they buy a product or service ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. In today's interconnected world, digital businesses have ...

Value added tax (VAT) or goods and services tax (GST), also known as indirect taxes, are consumption taxes levied on any value that is added to a product. These are considered indirect taxes since the ...

Both sales tax and GST are indirect taxes, meaning they are charged on transactions (purchases) instead of income, and the cost is ultimately paid by the person who buys the final product. The ...

Although topics such as U.S. tax reform and the taxing of digital transactions are rarely out of the news lately, there is another kind of tax that governments are using increasingly, and companies ...

Payment technology provider Stripe has debuted Stripe Tax to help businesses automatically calculate and collect sales tax, value added tax, and goods and services tax in more than 30 countries.

A value-added tax (VAT) is a fee that is assessed against businesses by a government at various points in the production of goods or services—usually any time a product is resold or value is added to ...

LONDON, June 30, 2019 /PRNewswire/ -- A new study has been released that yields significant global findings as to the relative compliance burden of Value Added Tax (VAT) and Goods and Services Tax ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. Current regulations do not require platforms to collect VAT on ...

A manual spreadsheet approach to VAT reporting is labour-intensive, error-prone, and costly. Keeping up with the latest regulatory changes is challenging at best; and the effort required to support ...