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VAT vs. Sales Tax – What Are the Differences and How Do They Work? Webinar


Businesses today are most likely global and rarely operating in a single country.   To support customers that can be located anywhere, businesses often have a complex supply chain that allows them to service customers beyond their border.  But when is a business required to register and collect tax in a foreign country?  In the United States, we call this “nexus.” In Canada and other VAT countries, it is called “permanent establishment.” In the U.S., we have “drop shipments.” In the EU it is called “triangulation.” Some of the rules are similar, but others are very different.

 

This 90-minute webinar taught by Bernadette Sablan and Anil Kuruvilla of Thomson Reuters and Diane Yetter of the Sales Tax Institute will help you understand the differences as well as provide a high level overview of the sales & use and VAT structures. 

 

Learning Objectives Include:

 

  • Gain an understanding about sales & use tax and VAT and how they are structured
  • Understand the different terms and how to translate common sales tax concepts to VAT concepts
  • Learn how the different tax structures treat common scenarios like resale, manufacturing, and services
  • Obtain general information about how a business should determine when it has an obligation to register and collect VAT

 

Who should attend?
This webinar is intended for tax and accounting personnel who work in companies that operate outside the United States

Additional information
Webinar attendees can earn 1.5 hours of CPE credit in the “Taxes” field of study
Prerequisites: This course requires no prerequisites or advance preparation.
Program Level: Basic
Delivery Method: Group Internet-Based

Refunds and Cancellations
If for any reason the Sales Tax Institute cancels a scheduled course, its only liability to registered students is a refund of registration fees received.  In the event that the Sales Tax Institute cancels a scheduled course, students will be notified of the course cancellation at the email address which they provided at the time of registration.  If a student cancels before the deadline, there is a $50 charge. If canceling after the deadline, there is no refund of registration fees. If substituting a course, there is no charge before deadline and a $25 charge after deadline. For more information regarding administrative policies such as complaint and refund, please contact our offices at 312.701.1800.

The Sales Tax Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

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