VATupdate

Share this post on

A Strategic Timeline for Implementing Sales Tax Strategy and Process: Part 2

  • Setting up a system for sales tax obligations can take anywhere from a month to six months or more.
  • Executive teams and board members are involved in decision-making for sales tax compliance.
  • Registering with the appropriate states and tax jurisdictions can take around 30 days.
  • Implementing a sales tax calculation engine can take two to three months, or longer for more complex situations.
  • Registering and starting to file can be done in 30 days, but it is suggested to allow six to eight weeks for U.S.-based operations.
  • Setting up a filing process requires the right data and interpretation for different states’ requirements.
  • A tax calendar and designated personnel are needed to handle notices and communications from jurisdictions.

Source: taxconnex.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner