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⍰ ASK How do offshore merchant services handle international value-added tax (VAT) compliance?

cryptohunter

cryptohunter

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Offshore services use VAT calculation engines in their payment systems to automatically determine accurate VAT rates for transactions. To follow rules they regularly update systems for changes in VAT rate and regulation in various places.

This prevents mistakes and helps businesses meet tax obligations. Offshore merchants often work with global tax experts to stay updated on international tax law making sure their systems comply with legal requirements.
 

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