New Delhi, July 15 -- Technology-led accounting solutions firm Clear (formerly ClearTax) is pushing into Europe and West Asia, a move that its leadership says will temporarily delay profitability. But the potential rewards, both in market size and regulatory tailwinds, are worth the wait.

"What we're seeing is that the global expansion opportunity for us has gone up dramatically. We're having a lot of fun going global, so we're investing again," said founder and CEO Archit Gupta.

The push into Europe is being led primarily by the European Union's decision to pass a piece of legislation called VAT in the Digital Age (ViDA) in March this year, as part of its efforts to modernise Value Added Tax (VAT) rules in the region. According to EY, ...