12/11/2019 | Press release | Distributed by Public on 12/11/2019 06:01
SEATTLE--(BUSINESS WIRE)-- Avalara, Inc. (NYSE: AVLR), a leading provider of cloud-based tax compliance automation for businesses of all sizes, today released its fifth annual sales tax changes report. Key findings in the report point to the continued impact of economic nexus laws, escalating tensions around marketplace facilitator laws, an increase in online cross-border sales, and the growing role of technology in tax compliance heading into 2020.
In today's global, omnichannel business landscape, accurate sales tax collection and remittance are essential for businesses of all sizes seeking to stay compliant and competitive. Avalara's 2020 sales tax changes report reveals major changes in legislation and consumer preference that are poised to disrupt ecommerce in 2020.
'2019 was another landmark year for sales tax in the United States with broad adoption of economic nexus and marketplace facilitator laws,' said Scott Peterson, vice president of U.S. tax policy and government relations at Avalara. 'As 2020 progresses, we can expect to see more changes take place domestically and abroad in the form of marketplace laws and global compliance. This report should serve as a resource for business leaders and tax professionals to better understand the tax landscape and make more informed decisions that keep businesses compliant and improve efficiency.'
Notable highlights from the 2020 sales tax changes report:
For additional information on state sales tax changes, please visit the Avalara sales tax rates resource. For more information on marketplace facilitator laws, please visit the Avalara state-by-state marketplace facilitator guide.
Download the 2020 sales tax changes report here.
Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, ecommerce, and other financial management system providers, Avalara delivers cloud-based compliance solutions for various transaction taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Canada, the U.K., Belgium, Brazil, and India. More information at avalara.com.
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Source: Avalara, Inc.