Taxes in the cloud

It's important to get your tax questions right when conducting business in the cloud.

Does your company operate in the cloud? If so, you had better ask the right tax questions. Otherwise, you might end up hurting your bottom line, says a new EY report entitled Cloud Taxation Issues and Impacts.

Some questions to ask:

  • Where are your intermediaries and customers located?
  • Is your team aware of direct and indirect tax considerations?
  • Are you engaging with local tax authorities to gain guidance?
  • Are you in a position to reassess your tax position periodically?

EY recently launched a dynamic online tool called the Worldwide Cloud Computing Tax Guide, which tracks national cloud-related tax changes for more than 80 countries.