Indirect taxes are part of everyday life in many countries – we pay them on food, clothing, gasoline, vices such as alcohol and chocolate, and our mobile phones. The levies have long been popular because governments don’t have to wait for a business to generate a profit to collect a tax; all that needs happen is for a transaction to occur. Going forward, technology will further boost their popularity as digitalization has positively impacted the administration of these taxes.
In the 20th edition of Tax Insights we look at the recent developments in indirect tax, the unique challenges they bring, and what steps are needed to ensure consistency in the evolving tax world.
Want to read more: taxinsights.ey.com.
Want to know more: contact us.