1、Consumers shop frequently on online marketplaces,leading more retailers and brands to use these sites to market and sell their products.But selling on these popular shopping sites can bring unexpected tax consequences for both the seller and the facilitator.Here are five tips to help businesses mana
2、ge these issues.B2BCOMMERCE 3605 essential global marketplace compliance on online marketplaceS have riSen Sharply in recent yearS and taxing authoritieS have taken notice.Retailers and consumer brands have flocked to these multimerchant ecommerce sites because consumers are shopping there.Sales on
3、the top 100 online retail marketplaces worldwide soared past$3.25 trillion in 2022,when they represented nearly 60%of global retail ecommerce,according to Digital Commerce 360.Its no wonder that the majority(58.5%)of North Americas leading online retailers and brands sell on at least one marketplace
4、 according to the Digital Commerce 360 2022 Top 1000 Report that analyzes data from the 1,000 biggest retailers by web sales.These sites are especially popular with consumer brand manufacturers:86%sold on at least one marketplace in 2021,including 75.8%on Amazon,up from 55%just two years earlier.U.S
5、.states have passed a slew of new laws that impose tax collection obligations on marketplace sellers and facilitators,who now must keep up with fast-changing rules.35 essential global marketplace compliance tips no wonder that the majority(58.5%)of North Americas leading online retailers and brands
6、sell on at least one marketplace according to the Digital Commerce 360 2022 Top 1000 Report that analyzes data from the 1,000 biggest retailers by web sales.These sites are especially popular with consumer brand manufacturers:86%sold on at least one marketplace in 2021,including 75.8%on Amazon,up fr