Fiscal Representation
What is Fiscal Representation?
Fiscal representation is a service where a local company acts on behalf of a foreign business to handle its tax obligations in a specific country. This is often required for non resident companies that are registered for VAT or GST in a foreign jurisdiction.
Why It Matters
-
It allows foreign companies to comply with local tax laws without having to establish a physical office.
-
The fiscal representative is often held jointly liable for the tax debts of the foreign company, providing security for the government.
-
It simplifies the process of filing tax returns and communicating with local tax authorities.