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Tax Solutions for International Sales

Posted on 8.25.2016

Online sales tax collection and reporting can be difficult within the United States, but when global sales are accounted for, the situation becomes even more complex.

Thankfully, there is a variety of solutions that make taxes for international sales a less daunting process, including:

Avalara

Integrating with a billing or enterprise resource planning (ERP) system, Avalara can help retailers navigate the world of international taxes by applying 100,000-plus sales tax and value added tax (VAT) rules across more than 12,000 jurisdictions and nearly 193 countries. With Avalara AvaTax a business can handle global indirect tax situations and rules in the EU and beyond, including:

+ U.S. companies selling to EU companies or consumers

+ Intra-EU Transactions

+ EU companies selling to companies or consumers in the U.S.

+ EU companies with wholly owned subsidiaries in the U.S.

CliftonLarsonAllen

CliftonLarsonAllen can work with a company's legal and financial professionals to help manage its worldwide tax exposure. Including:

+ Managing global operations and complex foreign transactions

+ Managing global tax exposure

+ Risks of noncompliance with international tax laws

+ Avoiding double-taxation of domestic and global income

+ Understanding income tax treaties

Vertex

Vertex's sales tax software includes a sales tax calculation engine that integrates directly with core financial systesm (such as SAP or Oracle). With the engine in place, Vertex supplies ongoing tax rate and rule updates to help ensure accurate, compliant sales tax calculation and collection. And through the sales tax software’s advanced reporting and analysis features, brands can:

+ Analyze trends

+ Detect irregularities

+ Transform tax data into business insights

Sovos

 Aiming to help businesses grow online sales by protecting them from increasingly onerous compliance obligations, Sovos announced recently it will offer a global marketplace tax solution.

Some of the most noteworthy new features include:

+ Continuous platform-wide rate updates in thousands of jurisdictions to reduce audit and penalty risk.

+ Multi-seller sales tax configuration allowing each marketplace seller to configure both jurisdictional and product tax settings to assist with processing of sales tax.

+ Automatic rules and rates updates from the Sovos enterprise tax team, with a leading library of sales and use tax data.

+ Support for multiple ERP instances to streamline implementation and migration for busy IT departments at the world’s largest retailers.

TaxJar

Selling in the European Union or Canada? SmartCalcs from TaxJar supports VAT tax calculations in those countries, including support for reduced-rate and super reduced-rate product categories.

Other product highlights include:

+ RESTful APIs to save developers time

+ Automated reporting

+ Product-level taxability

+ Ninety-nine percent uptime 

+ Sales tax calculates to charge the customer the right amount


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