With globalization and changing economic footprints, one important aspect that needs to be taken into account is Tax. Whichever country one might be based in, there are a few prudent rules to follow.
The main thing is to follow the tax laws and policies of the jurisdiction one is operating in.
It’s kind of confusing sometimes, especially when your customers are based in a different geography. Then the concept of dual taxation comes in as well as an understanding of bilateral tax treaty, that may exist between your country and your customer’s country.
Tax laws and percentages also differ in each country – the percentage varying from zero “0” taxes to mid-double digits. Naturally, with human behavior companies and people try to save on taxes through loopholes in the tax policies. However, for the greater good it is advisable to pay the right amount of taxes.