What is Global Tax Compliance?
Global tax compliance is the process of ensuring that businesses and individuals adhere to tax laws and regulations in all countries where they operate. This involves accurately calculating, reporting, and paying taxes such as VAT, sales tax, and corporate taxes based on each region's legal requirements.
Why is it Important?
International Tax Compliance is important as it helps organisations to
1.Avoid legal penalties and fines.
2.It builds trust with customers and governments.
3.It Simplifies international business operations by maintaining financial transparency.
