- TikTok is evolving into a social commerce platform with TikTok Shop
- TikTok Shop offers live shopping, shoppable short videos, product showcases, and shop tabs
- Integrated with leading commerce platforms and available in several countries
- TikTok Shop must comply with marketplace facilitator laws for sales tax collection and remittance
- Original vendors are responsible for product data accuracy and resale certificates
- Vendors should have a tax monitoring tool and keep accurate sales records
- Sellers with nexus in a state may need to register for sales tax and file returns
- Sellers should stay informed about sales tax laws and product/service taxability changes in US states.
Source: 1stopvat.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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