- VAT compliance is crucial for small e-commerce businesses
- Different platforms handle sales tax differently
- Costs vary based on factors
- Internal tax functions may not include preparation of sales tax returns
- Do not turn on tax collection in a jurisdiction without completing sales tax registration
- Shopify offers various options for tax compliance
- Shopify Tax offers the highest level of sales tax compliance with the least amount of upkeep
- Shopify provides customizable options for small e-commerce businesses
- Shopify allows setting up, managing, and defining tax collection across multiple states and internationally
Source: tungstenautomation.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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