Empower your business expansion and overcome cross border tax compliance challenges.
Vertex means frictionless transactions and optimized tax strategies for successful cross border commerce
Post-Brexit, Western Europe's cross border e-commerce surges as consumers continue to spend more on goods from foreign retailers with rising demands across B2B, B2C, and C2C. China's e-commerce giants and marketplace platforms like Amazon and Zalando are driving momentum. Plus, reported anticipated buyer growth in 2025 poses opportunities and threats for European retailers.1 The global cross border e-commerce market is projected to grow significantly to an expected USD 1519600.0 million by 2027, expanding at a CAGR of 13.7%.2 This growth is bolstered by globalization and technological advancements, creating new opportunities, especially in emerging markets.
With smoother transactions and enhanced customer experiences, cross border commerce is becoming easier. But of course, businesses that engage in cross border commerce will always face cross border tax and cross border tax compliance requirements. This includes multinational corporations, exporters, importers, online retailers selling internationally, and businesses with overseas subsidiaries or branches.
The proportion of businesses considering cross border commerce, varies depending on various factors such as industry, market demand, and business strategy. However, as businesses grow and expand, many start to explore opportunities beyond their domestic market.
Your initial focus might be on serving a local market or a specific region, such as the EU, but as you grow exploring opportunities in other regions and countries is often a natural progression.
To achieve frictionless cross border commerce, it's important to pinpoint the tax complexities. Understanding the challenges will mean effective decision-making and the implementation of the right processes and tax technology.
Insights from over 700 tax and finance professionals
Our research3 indicates that indirect tax transformation programs remain a work in progress for many organizations. No surprise given there’s significant work involved in successful cross border tax planning and aligning increasingly complex tax systems and processes with rapid business growth. Given the constant changes in the indirect tax landscape, flexibility and agility are essential to ensure your tax processes and systems can adapt to the evolving cross border tax compliance requirements.
Our infographic explores some of the headline insights strategies, and concerns around unlocking international growth and managing cross border tax compliance. From streamlining integration between systems, to real-time indirect tax calculation and leveraging specialist tax engines, have confidence in your next steps in cross border tax planning and compliance.
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