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Understand Risks—Non-Compliance with Low-Value Tax Schemes | Decoding Cross-Border Ecommerce | Ep 35
Manage episode 444693973 series 3554254
Are you putting your business at risk by ignoring global tax laws? In this episode of the Decoding Cross-Border Ecommerce podcast, hosts Clint Reid, Founder and CEO of Zonos, and Aaron Bezzant, Zonos’ Head of Global Trade Strategy, explore the risks and repercussions of failing to comply with low-value tax regulations. Joined by special guest Hannah, Zonos' Chief People Officer with a background in international law and compliance, they discuss the growing complexity of global tax laws, focusing on how countries are cracking down on non-compliant merchants. Learn about the consequences of non-compliance, such as hefty fines, penalties, and even the risk of being banned from importing into key markets. Don't miss this essential conversation for ecommerce businesses looking to scale globally while staying on the right side of tax law.
Learn more about Zonos:
https://www.zonos.com/?utm_source=youtube&utm_medium=video-link&utm_campaign=podcast
[00:00:00] Opening clip
[00:07:14] Intros
[00:9:38] Tax scheme refresher
[00:16:15] Risks & penalties
[00:21:55] Low-value tax scheme remittance processes
[00:24:01] More sales = higher risk
[00:25:31] Options for compliance
[00:31:49] How noncompliance affects your customers and business
[00:33:12] US businesses & low-value tax schemes
[00:34:56] The future of low-value tax schemes
#Ecommerce #TaxCompliance #CrossBorderEcommerce #GlobalEcommerce #BusinessGrowth #InternationalTrade #SalesTax #Logistics #DecodingEcommerce #Zonos #podcast #taxlaw
63 afleveringen
Understand Risks—Non-Compliance with Low-Value Tax Schemes | Decoding Cross-Border Ecommerce | Ep 35
Manage episode 444693973 series 3554254
Are you putting your business at risk by ignoring global tax laws? In this episode of the Decoding Cross-Border Ecommerce podcast, hosts Clint Reid, Founder and CEO of Zonos, and Aaron Bezzant, Zonos’ Head of Global Trade Strategy, explore the risks and repercussions of failing to comply with low-value tax regulations. Joined by special guest Hannah, Zonos' Chief People Officer with a background in international law and compliance, they discuss the growing complexity of global tax laws, focusing on how countries are cracking down on non-compliant merchants. Learn about the consequences of non-compliance, such as hefty fines, penalties, and even the risk of being banned from importing into key markets. Don't miss this essential conversation for ecommerce businesses looking to scale globally while staying on the right side of tax law.
Learn more about Zonos:
https://www.zonos.com/?utm_source=youtube&utm_medium=video-link&utm_campaign=podcast
[00:00:00] Opening clip
[00:07:14] Intros
[00:9:38] Tax scheme refresher
[00:16:15] Risks & penalties
[00:21:55] Low-value tax scheme remittance processes
[00:24:01] More sales = higher risk
[00:25:31] Options for compliance
[00:31:49] How noncompliance affects your customers and business
[00:33:12] US businesses & low-value tax schemes
[00:34:56] The future of low-value tax schemes
#Ecommerce #TaxCompliance #CrossBorderEcommerce #GlobalEcommerce #BusinessGrowth #InternationalTrade #SalesTax #Logistics #DecodingEcommerce #Zonos #podcast #taxlaw
63 afleveringen
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1 Tariffs Just Multiplied: What Global Sellers Should Know | Decoding Cross-Border Ecommerce | Ep #62 18:44

1 US Reciprocal Tariffs: Impact on International Ecommerce | Decoding Cross-Border Ecommerce | Ep #60 12:28

1 End of De Minimis—Big Trouble for Ecommerce from China | Decoding Cross-Border Ecommerce | Ep #61 20:15

1 How Canada's Retaliatory Tariffs Impact US Ecommerce | Decoding Cross-Border Ecommerce | Ep #59 12:14

1 Big Tariff Day–Trump’s Tariffs are Back, Retaliation Begins | Decoding Cross-Border Ecommerce Ep 58 9:33

1 US Tariff Chaos—China Hit Twice, CA/MX Back On, & EU Next? | Decoding Cross-Border Ecommerce | Ep 57 10:48

1 Tariff Updates & the Case for U.S. Sales Tax on Imports–A Game-Changer for Ecommerce Sellers | Ep 56 16:01

1 First-Ever Duty Bills Hitting U.S. Shoppers: Real Invoices, Reactions & How to Protect Your Business 14:34

1 US Tariff Updates–Day 3–Postal Shipments w/ Chinese-made Goods | Decoding Cross-Border Ecommerce Ep #54 8:37

1 Keeping Up with Trump’s Tariffs–Yesterday Canada & Mexico–Today China - What you need to know | Ep #53 12:39

1 Trump’s US Tariffs - How will your business be affected | Decoding Cross-Border Ecommerce | Ep #52 15:27

1 9 Tips for Filling Out a Commercial Invoice Like a Pro | Decoding Cross-Border Ecommerce | Ep #51 28:24

1 Unlock Hidden Cash: Duty Drawback for Your Business | Decoding Cross-Border Ecommerce | Ep #50 34:09

1 Mastering 8 Key Cross-Border Topics: What You Need to Know | Decoding Cross-Border Ecommerce | Ep 49 17:48
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