online marketplace facilitator tax
An online marketplace facilitator tax refers to a tax imposed on platforms or websites that facilitate the sale of goods or services between independent sellers and buyers online. These platforms are responsible for collecting and remitting taxes on behalf of the sellers, ensuring compliance with tax regulations, and reducing the burden on individual sellers in terms of tax collection and reporting.
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Related Concepts (1)
Similar Concepts
- cross-border sales tax
- digital sales tax
- direct sales tax
- e-commerce sales tax
- exclusive sales tax
- indirect sales tax
- internet sales tax
- online sales tax
- remote sales tax
- sales and use tax
- sales tax compliance
- sales tax software
- tax compliance
- taxation of cross-border transactions
- taxation of digital services and e-commerce