In today’s global economy, expanding outside of your country is a crucial step for businesses seeking long-term growth and success. Each new country your business enters has untapped potential and a larger customer base, which in turn can lead to increased market share and revenue. However, it’s crucial to understand that with European expansion also comes a heightened level of complexity and associated risks, primarily related to cross-border tax compliance. To help your tax and finance departments feel confident you can tackle your new global tax compliance requirements, we suggest you take four steps including: The VAT complexity and risk associated with buying and selling across borders introduces a new level of tax complexity that your team will need to manage in order to remain compliant. With constantly evolving rules, rates, and requirements for periodic and real-time reporting, the challenge of accurately managing VAT on every transaction across your business has never been bigger. Consider these aspects of VAT and evaluate the complexity when applied to cross-border transactions.