Category: CITG

E-commerce has become an undeniable part of our lives. From groceries to the latest gadgets, we can purchase almost anything with a few clicks. But how exactly do these online transactions work? An e-commerce transaction is simply buying or selling goods and services over the internet. This involves using devices like computers, phones, or tablets. The key aspect is that at least one part of the transaction happens online, often through the World Wide Web (www). Emails and mobile apps also play a big role in facilitating these purchases. Here are some of the key features of e-commerce transactions: Online Ordering: Products and services are offered and ordered electronically, typically through websites or mobile apps. Delivery and Payment Flexibility: While the order is placed online, delivery and payment methods can be flexible. You might choose home delivery with online payment, or pick up the item at a store and pay in person. Wide Range of Players: E-commerce transactions can involve businesses selling to other businesses (B2B), businesses selling directly to consumers (B2C), or even individuals selling to each other (C2C). Even governments can get involved, offering services to citizens online (G2C). Examples of e-commerce transactions include: Downloading music or ebooks Ordering clothes or home goods online Booking a hotel room or flight Buying concert tickets or sporting event tickets Selling used furniture or electronics on a classifieds website The rise of e-commerce has brought many benefits, like convenience, wider selection of products, and competitive pricing. However, it has also presented challenges for governments in terms of taxation. We'll explore these issues and potential solutions in a future blog post!

Category: CITG

What is E-commerce?

E-commerce and Taxation

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