Understand Risks—Non-Compliance with Low-Value Tax Schemes | Decoding Cross-Border Ecommerce | Ep 35

Decoding Cross-Border Ecommerce

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
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