SMEs Face Unique Cross-Border Compliance Hurdles
The Global Small Business Blog
AUGUST 23, 2024
©iStock/Maximusnd Unlike their larger counterparts, SMEs often lack dedicated tax departments or adequate resources to devote to compliance efforts. Many rely on a single financial professional or a small team to handle all aspects of their finances, including increasingly complex international tax obligations. The bottom line is that cross-border compliance complexity impacts SME's decision to enter new markets due to customs duty and import calculations, HS and tariff code classification, trad
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