Businesses operating worldwide are impacted by commodity taxes in some way or another. These taxes, unless managed properly, can have a greater impact on the bottom line compared to income taxes. Different rules and sales tax rates can apply depending on where the business is being performed and what type of business is being conducted.
The legislations dealing with these taxes are constantly changing as governments look to commodity taxes as a favored means of taxation. GBQ can help clients manage their indirect tax obligations.
Specifically, GBQ can assist with the following areas: