Overview
CANADIAN COMPANIES selling into the United States — even those with no physical presence in a particular state — may now be required to collect and remit local sales taxes.
“There are some 10,000 different state and local sales tax regimes in the US,” said Ted Citrome, a tax lawyer in Dickinson Wright LLP’s Toronto office. “It’s going to be a tremendous burden for companies to track and monitor sales so they can ensure they stay onside.”
This article originally appeared on Lexpert. To read the complete article, visit Lexpert online.
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Ted’s practice focuses on all aspects of Canadian taxation with a particular emphasis on the taxation of acquisitions/divestures, tax-driven reorganizations and corporate finance. View bio
