US Sales and Use Tax in IT and ITes sector

As businesses in the IT sector continue to face tax challenges, understanding the application of US Sales and Use Tax is crucial. The complexities surrounding the taxability of software, digital products, and IT services often leave organisations managing compliance across multiple jurisdictions. From determining which products and services are taxable, to understanding how sales and use tax applies to interstate transaction, addressing these intricacies is essential to minimise risk and ensure adherence to ever-changing regulations.

Grant Thornton Bharat is organising a webinar to explore the essential elements of US Sales and Use Tax as it applies to the IT industry. In this session, we will dive into the most important issues businesses face in managing tax compliance within the IT sector.

Key Discussion Points

1. Taxability of software and digital products
2. Recent legislative changes & general list of services
3. Compliance strategies to streamline sales tax processes and minimise risk
4. Economic Nexus and its impact on software businesses' sales tax across states
5. Application of sourcing rules to software and digital products
6. The primary challenges of tax compliance that automation can effectively resolve.