Avalara announced it has acquired VATLive.com, the global online resource for tax news, insight and rate changes.
The acquisition is the latest in the cloud-based software provider of sales tax, VAT and other transactional taxes’ global expansion, and adds to its current TaxRates.com portal, which provides businesses with a free online tool and downloadable tax rate data to help navigate U.S. sales tax complexities.
“VATLive.com provides a wealth of daily information and expert insight on EU and global indirect tax schemes, helping multi-national businesses understand the complexities of cross-border trading,” stated Richard Asquith, vice president of global tax compliance at Avalara and former administrator of VATLive.com. “This includes country-specific guides on ever-changing tax rates, returns, registrations, and filings from across the world, referenced by thousands of unique visitors every day.”
Avalara plans to maintain and develop VATLive.com, managed by a team of tax experts, to continue as a tax resource focused on thousands of global rates and change. Avalara’s current library of statutory sales tax and VAT content includes manual lookup services as well as a variety of automated and outsources tax management solutions.
“VAT and related indirect taxes are the first administration task faced by companies when selling cross-border,” stated Scott McFarlane, Avalara founder and CEO. “VATLive.com supports our goal of helping businesses reduce the risks and simplify the complexities inherent in the process, ensuring businesses around the world can stay focused on their core objectives. We’re pleased to offer VATLive.com as a free online tax resource as Avalara continues to broaden and deepen its compliance solutions worldwide.”
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