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Ecommerce Sales Tax

oboloo Glossary

Ecommerce Sales Tax

Ecommerce sales tax is the tax collected by online businesses for goods and services transacted online. This type of tax is based on the location of the customer, and is not determined by the online business itself. It’s important to understand the rules and regulations surrounding ecommerce sales tax in order to properly collect and remit it to the appropriate taxing authorities. By accurately calculating and remitting ecommerce sales taxes, businesses can ensure that their customers receive the correct amount of tax when making purchases.

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