Episode 95

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Published on:

1st Aug 2024

Mastering International VAT: Insights from Florian Hanslik, Partner at terraVAT GmbH

In this episode of the SALTovation podcast, we speak with Florian Hanslik, a seasoned tax professional specializing in VAT. Transitioning from a rich background in politics to becoming an indirect tax expert, Florian discusses how his international upbringing and previous work with the European Parliament seeded his deep interest in global tax systems. Florian discusses the importance of understanding VAT in different countries, the role of comprehensive networks, and the need for businesses to be proactive in managing their VAT obligations, especially in an era of rapid e-commerce growth. Florian also notes significant future changes, particularly in the taxation of streamlined events, and underlines the necessity for companies to stay ahead of evolving tax regulations.

Key Takeaways:

  • Career Transition and Passion: Florian shares his journey from a political background to VAT specialization, inspired by his love for internationalism and global work environments.
  • Importance of Networks: Building a reliable network of tax professionals globally is crucial for effectively managing VAT obligations across different regions.
  • Evolving VAT Landscape: The rise of e-commerce has significantly impacted VAT regulations, requiring businesses to stay adaptive and informed about international tax laws.
  • Future of VAT Compliance: Upcoming changes in 2025, especially concerning digitally streamed events, will require global businesses to reassess their VAT strategies and ensure compliance.
  • Proactive Tax Planning: Florian emphasizes the importance of early and ongoing dialogue with tax experts to avoid the pitfalls of late compliance and unanticipated tax obligations.



Quotables

  • "It's wonderful talking with the companies, understanding the issues and the questions they have. When you understand the VAT system in one country, you can use it in all the other countries. It's everywhere, more or less working the same, but with some local specifics.” -Florian Hanslik [08:05]


  • "E-commerce platforms are now being taxed and marketplaces are taxed. Now we have big changes coming in 2025 where events that are streamlined are being taxed when it's streamlined to a private individual. So if there's an event in the U.S and somebody sitting in Switzerland is participating at this event because it is streamlined and they are paying for this, then this event organizer has to register in Switzerland and has to challenge VAT.” -Florian Hanslik [15:30]



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About the Podcast

SALTovation: Making Sense of State and Local Tax
Welcome to SALTovation. The SALTovation show is a podcast series featuring the leading voices in state and local tax (SALT). Here we talk about issues, strategies, and planning tools to help you make sense of SALT. Because, in SALT, there is no “one and done.” SALT is a puzzle of ever-changing pieces. Solving that puzzle is our business at SALTovation. Tens of thousands of listeners know they won't get tax talk as usual with the SALTovation team. Our team is known for straight-talk with a flair for fun, providing clarity and opinions that move businesses forward with confidence.

Attorney, CPA, speaker, and writer Judy Vorndran leads the SALTovation team as they go inside business to help deal with the daily operations and long-term strategies of making SALT less “taxing.” Judy has spent more than 25 years advocating for businesses with innovative strategies, renowned knowledge and experience. She has helped guide thousands of taxpayers across the nation and globally through the morass of SALT, freeing them to concentrate on growth. Joining Judy are the wickedly smart members of the SALTovation team, who have seen, worked with and tamed some of the most prickly issues in SALT. They enjoy sharing their stories and knowledge with listeners.

Solving the SALT puzzle doesn’t happen in a vacuum; it takes a community. So, we invite leaders in business and state and local tax to share their stories, challenges and successes on this show. Drop us a line at SALTovation.com if you'd like to join the conversation and tune into our regular series at TaxOps.com.