What is Role of Taxation in eCommerce Marketplace?

Before Launching eCommerce Marketplace you can consider taxation. Sellers must adhere to taxation laws, collecting and remitting taxes based on the products sold and the jurisdictions involved. Failure to comply can lead to fines and legal issues. Buyers may also be subject to various taxes, such as sales tax or value-added tax, which can affect their purchasing decisions. eCommerce platforms often provide tools to help sellers calculate and manage taxes, ensuring compliance.