E-commerce taxation

E-commerce taxation refers to the rules and laws that determine how online transactions are taxed. When you buy goods or services online, the seller may need to charge sales tax based on the location of the buyer or the seller. Different regions have varying tax rates, and laws are evolving to ensure online businesses collect and remit appropriate taxes. This helps governments fund public services and ensures fair competition between online and brick-and-mortar stores. Overall, e-commerce taxation aims for transparency and consistency in taxing digital commerce, balancing ease of shopping with supporting public revenue.