TAX OBLIGATIONS OF TRADERS MAKING USE OF E-COMMERCE
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TAX OBLIGATIONS OF TRADERS MAKING USE OF E-COMMERCE
Businesses are increasingly using online platforms to trade, which lets them connect with more people regardless of location. However, earning income always raises tax questions. Generally, income tax is applied based on where the taxpayer resides (residence-based) or where the income was generated (source-based). This article will clarify these two concepts for online business owners. E-commerce has created quite a few obstacles in the taxation…
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