Reach
4.12.2023 17:21:21 CET | ACCESS Newswire | Press release
Offered worldwide, this revolutionary service ensures ecommerce businesses are fully compliant with sales tax, VAT, GST and duties, with Reach assuming all liabilities and compliance risk.
CALGARY, AB / ACCESSWIRE / December 4, 2023 / Already a worldwide leader in providing Merchant of Record services to global businesses, Reach is excited to announce the worldwide expansion of its revolutionary global tax compliance solution. Unlike competing services, the Reach platform is a standalone service that can be seamlessly integrated into a merchant's existing ecommerce infrastructure without the need for additional coding or technical lift. This service not only eliminates one of the most complicated pain points for online businesses, but Reach also assumes all risk and liability associated with global tax compliance on behalf of merchants.
The challenges of selling cross-border into international markets don't end with payment processing and logistics. Many online businesses don't realize that they must also be registered with domestic tax authorities and calculate, file, and remit sales tax, VAT, GST and duties. The penalties for not complying with local tax laws can be severe and extend beyond large fines into the realm of criminal prosecution.
"Our aim at Reach is to eliminate pain points that deter or prevent online businesses from selling cross-border and reaching their full revenue potential. By combining our world-leading Merchant of Record model with robust global tax compliance, we are unmatched in the space," Sam Ranieri, CEO of Reach, said.
With this revolutionary solution, Reach's Merchant of Record network localizes the customer's experience to increase conversions while taking on all the complexity of and liability with local tax authorities. This responsibility means that Reach is solely responsible for accurately calculating, filing, and remitting any tax incurred on online transactions, freeing ecommerce businesses from all penalties and liabilities that might arise as a result of improper compliance.
"Online businesses often treat the ecommerce space as the ‘wild west' where anything goes," explained Mr. Ranieri. "But international regulatory agencies are more vigilant than ever when it comes to cracking down on businesses that don't pay what is proscribed by local tax laws. And those crackdowns can be harsh."
The Reach global tax compliance solution is available globally in over 50 of the world's largest ecommerce markets, with additional jurisdictions being added on a regular basis. The solution is also not limited by business focus, as it is universally available to any economic sector, from B2C to B2B, for any marketplace or platform, and also for digital and SaaS merchants who struggle with the complexities of global taxation on recurring and subscription payments.
More information on this revolutionary service can be found on the Reach website: https://www.withreach.com/solution/global-tax-compliance.
# # #
ABOUT REACH
Reach is a global Merchant of Record that helps businesses scale in international markets, reduce risk and complexity, increase conversions and lower fees. Its vast network of local entities turns every international buyer into a local buyer, giving them the comfort and convenience of paying in their local currencies with the payment methods that they prefer. In addition to market-leading automated FX and global tax compliance, Reach offers a suite of integration options, ranging from no-code plug-and-play access to a powerful and fully customizable API.
For Media Inquiries:
Andrew Cunningham
Head of Marketing & Media
marketing@withreach.com
Contact Information
Andrew Cunningham
Head of Marketing & Media
marketing@withreach.com
15875745011
Related Files
Reach _ Announcing Global Tax Compliance Press Release (Nov 2023).pdf
SOURCE: Reach
To view this piece of content from stats.newswire.com, please give your consent at the top of this page.View source version on accesswire.com:
https://www.accesswire.com/812905/reach-announces-platform-agnostic-global-tax-compliance-solution
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Formerra Receives 2026 Eaton Supplier Excellence Award3.9.2026 16:45:00 CEST | Press release
Recognition places Formerra among several dozen honorees from a supplier network of more than 30,000. ROMEOVILLE, IL / ACCESS Newswire / September 3, 2026 / Formerra, a leader in performance materials distribution, was recognized for its partnership at Eaton's 2026 Global Supplier Conference & Excellence Awards, held Thursday, August 27 in Beachwood, Ohio. Formerra was one of only 30 suppliers recognized with Eaton's Supplier Excellence Award from among the company's global network of more than 30,000 supplier partners. Eaton grants the Supplier Excellence Award to suppliers that exceed expectations through exceptional performance, innovation, and contributions to growth. Formerra serves as Eaton's preferred plastics distribution partner, a role built through disciplined execution and engagement across Eaton's corporate organization and manufacturing sites. While the partnership began over 15 years ago in North America, it now extends into Asia, Europe, and the Middle East, where Forme
DistillerSR Joins European MedTech Consortium to Digitalize Medical Device and IVD Conformity Assessments3.9.2026 16:00:00 CEST | Press release
€4 million European-funded DIGICAP project brings together 19 organizations to replace document-based conformity assessments with machine-readable data. DistillerSR named one of five technology providers building the framework. OTTAWA, ON / ACCESS Newswire / September 3, 2026 / DistillerSR, the market leader in AI-enabled literature review automation and evidence management, today announced its participation in DIGICAP (DIGItalisation of the Conformity Assessment Process), a €4 million European initiative uniting 19 organizations across 12 EU countries to digitalize how medical devices and in vitro diagnostics are certified for the European market. The project is funded under Horizon Europe, the world's largest multinational research and innovation program, with a budget of €95.5 billion for the 2021-2027 period. DistillerSR is one of five regulatory technology providers selected to support the project, alongside Veeva, MEDDEVO, AUREVIA and Hardian Health. The company will work in the
U.S. Polo Assn. Marks Continued Success as Title Sponsor of the 2026 Pacific Coast Open3.9.2026 13:00:00 CEST | Press release
Historic Championship Brings Together Elite Competition, California Lifestyle, and the Authentic Spirit of the Sport of Polo SANTA BARBARA, CA / ACCESS Newswire / September 3, 2026 / U.S. Polo Assn.®, the official sports brand of the United States Polo Association (USPA), celebrated the conclusion of the 2026 U.S. Polo Assn. Pacific Coast Open, held August 14-30 at the renowned Santa Barbara Polo & Racquet Club in Carpinteria, California. As one of the oldest polo tournaments in the world and the most prestigious championship in the Western United States, the Pacific Coast Open once again delivered world-class competition while highlighting the enduring connection between sport, style, and community. 2026 U.S. Polo Assn. Pacific Coast Open Winners, Klentner Ranch, on stage with trophy; Photo Credit: Michelle Lauren This year marked the second time U.S. Polo Assn. served as Title Sponsor of the Pacific Coast Open and the ninth consecutive year partnering with the Santa Barbara Polo & Ra
CubeLogic Launches a New Generation of Credit Risk Technology with RiskCubed Version 123.9.2026 11:00:00 CEST | Press release
The most significant technology shift in CubeLogic's history - delivering real-time performance, natural language reporting, and AI built directly into the platform. LONDON, UK / ACCESS Newswire / September 3, 2026 / CubeLogic, the leading provider of enterprise risk and compliance software for trading organisations across the energy and commodities sector, today launched Version 12 (V12) of its RiskCubed platform - bringing real-time, AI-powered credit risk management to a market that has long depended on overnight processing. Built on modern, cloud-native foundations, V12 re-architects how RiskCubed stores data, delivers reporting, runs margining and scales to meet demand. For credit teams, that changes the working day as well as the technology behind it: exposure positions can be reviewed as they update rather than waiting on a batch, and reports that previously required a specialist can be built in the moment. "We are excited to partner with our clients in developing the next gener
Eudia and Harbor Partner to Accelerate AI Transformation for Enterprise Legal Teams1.9.2026 20:25:00 CEST | Press release
Harbor's trained industry experts will deliver advisory, implementation, training, and adoption enablement, helping enterprise legal departments deploy Eudia's augmented intelligence platform successfully at scale PALO ALTO, CA / ACCESS Newswire / September 1, 2026 / Eudia, the augmented intelligence platform for legal, contracting, and compliance work across the enterprise, today announced a strategic partnership with Harbor, the leading provider of professional and technology services to the legal industry. Harbor's industry experts, who guide digital transformation for close to 600 corporate law departments and more than 80% of Global 200 law firms, will help enterprise legal teams adopt Eudia's platform and deploy it successfully at scale. Enterprise legal departments are under growing pressure to show results from AI. The challenge is rarely the technology alone: institutional knowledge sits scattered across contracts, policies, and a small number of experienced professionals, and
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom