Name: How to apply indirect taxes to the digital economy
Start: 2021-12-21T14:43:00Z
End: 2021-12-21T14:43:58.000Z
Location: BrightTALK
Rating: 5

Vertex Inc. is a leading tax software and services provider that empowers global commerce. Vertex connects customers and partners across all industries to deliver the world’s most trusted tax solutions for businesses to grow with confidence. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of indirect tax, including sales and consumer use, value added and payroll. Headquartered in Pennsylvania, and with offices worldwide, Vertex is a privately held company that employs over 1,000 professionals and serves companies across the globe.

Session on 'Tax technology and the online marketplace – challenges and opportunities' presented at Vertex Exchange Europe on 26 April 2022. In 2021, the EU and the UK introduced new tax regulations impacting the collection and reporting of VAT by online marketplaces and the sellers on their platform. In this session, Deloitte will unpack the legislation that’s impacting some of their clients and will be joined by Vertex to talk through the solutions they’ve implemented and look at the challenges and opportunities in doing this.

Tax technology and the online marketplace

The covid pandemic has accelerated a trend that has been in place for some time and there is increasing demand on businesses to diversify how they engage with customers, which presents both opportunities and challenges. 

Embracing omnichannel promises significant increases in total addressable market and new opportunities to diversify business models. These changes come with new tax challenges that businesses frequently find themselves unprepared to deal with in short timeframes. 

In this session we will look at some of the typical channel and model changes that we see in the market, and we will look at the typical tax challenges that arise on the back of these changes and how businesses might best address these challenges.

Rise of the Omnichannel

Vertex hosted panel webcast with Deloitte, Rakuten and Vertex. 
This webcast will: 
- Take a look at the EU VAT e-commerce rules and how they apply
- Discuss the rapid growth in e-commerce through marketplaces
- Review the impact of the EU VAT regulation on those involved in e-commerce, and how businesses are responding
- Discuss what future tax regulations we can expect in the e-commerce arena

The increasing impact of the 2021 VAT tax legislation

In this webcast, Peter Boerhof (Vertex) talks with Jacqui Van der Leij (eBay) about:

- key legislative areas eBay are following closely right now on transaction tax and potential impacts
- strategic and operational changes they have made following the pandemic
- areas of risk they are focusing on and approaches they are taking
- new initiatives and innovations on the horizon

eBay's Tax Perspective

ITR and Vertex examine how the new VAT rules in the EU are impacting the e-commerce supply chain and how technology can help solve some of the challenges posed by the new legislation. 

The modernisation of cross-border e-commerce VAT rules in the EU, on July 1, 2021, introduced substantial new VAT liabilities and compliance requirements for both online merchants and marketplaces, dealing with sales to EU private customers. This webinar will cover some of the key areas tax technology can help marketplaces work better and more efficiently, in the face of this new regulatory landscape, by addressing issues like line-item liability assessment, complex invoicing obligations, record keeping compliance and others.

How tax technology can help Marketplaces navigate the new EU e-Commerce rules

Will cover responsibilities for a marketplace includes LILA

Marketplaces: The new tax regulations and the impact on your business

The digitalization of society offers opportunities to tax administrations as well as businesses. Tax administrations are moving away from sequential tax processes and are beginning to integrate taxation processes into the systems used by taxpayers. Attend this session to learn about tax automation from a government’s perspective.

Global Digital Transformation - A Government’s Perspective

• Adjusting your tax governance framework to fit the growth of the digital economy 
• How to ensure effective VAT collection for online sale of goods and services, including best-in-class technologies to automate processes 
• How do large businesses consistently meet higher international compliance levels while continuing to grow? 
• What are the major regulatory changes to keep track of for VAT of online platforms?

How to apply indirect taxes to the digital economy

Automation

Indirect Tax

Online Platforms

Tax Govenance

Value Added Tax

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Accounting and Tax

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How to apply indirect taxes to the digital economy

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