How does cross-border taxation impact luxury retailers?
The advent of eCommerce has made goods more accessible and, combined with cheaper, quicker shipping options, more luxury brands are shipping cross-border than ever before. Regardless of the product, the appeal of reaching international markets is a temptation most retailers can’t ignore. But in the rush to expand, many retailers often don’t understand the VAT, Sales Tax or excise compliance implications for each country they’re shipping to. In line with Woldpay’s “Luxury v Mid-Market” series, Jake Estes delves into what luxury and mid market retailers need to bear in mind when expanding internationally.
Find out more about Worldpay’s findings on Luxury Brands and Global Taxes.