As an international company looking to enter the U.S. market or expand your existing U.S. operations, sales tax can be a time-consuming but necessary priority to address. The U.S. does not use a nation-wide VAT system. Instead, it uses a decentralized system allowing states to dictate their own sales tax requirements, which are charged to the final consumer of the product or service. Some rules are consistent between all 50 states, but many more rules vary, creating a large and complex matrix of tax requirements.
Whether you’re setting up shop for the first time, or expanding your U.S. presence, read these sales tax “need to knows” to help you save time and mitigate risks!
Check out the full article, featured in the French-American Chamber of Commerce, New York Chapter’s Member Insights: https://www.faccnyc.org/news/3-important-facts-international-businesses-need-know-about-sales-tax