“Internationally, the World Bank and the Organization for Economic Co-operation and Development (OECD) have shown that e-commerce and digital platforms can declare and pay taxes on behalf of sellers, as several countries – such as Belgium, Uruguay and some states in the US – have required them to do so to reduce compliance costs and improve tax management efficiency, according to the director.
Regulations on collecting data from e-commerce platforms and foreign digital platforms are also often applied around the world. In China, e-commerce platforms must supply information about transactions and other relevant information to tax management agencies.” – Viet Nam News
Source: E-Commerce Platforms May Soon Pay Tax For Sellers (vietnamnews.vn)
E-Commerce Platforms May Soon Pay Tax For Sellers
