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Jan 27, 2021 · 24 May 2024. Republic Act No. 11967. Internet Transactions Act of 2023 (ITA) – An act protecting online consumers and merchants engaged in Internet transactions, creating for this purpose the electronic commerce bureau, appropriating funds therefor, and for other purposes. 05 Dec 2023. Republic Act No. 8293.
- Sales tax collection. Death and taxes are life’s two certainties. For online merchants, the latter gets extremely complicated regarding sales tax. “The No. 1 thing to think about is sales tax,” said Lisa Lewis, a certified public accountant and the TurboTax blog editor.
- Privacy and data security. Protecting customers’ personal information and taking cybersecurity for your business seriously are paramount. One data breach or hack is all it takes to destroy a small business.
- GDPR. The aforementioned GDPR is a law that applies to all businesses collecting data from European Union-based consumers. The GDPR requires companies to obtain clear permission from these consumers before using their data.
- Marketing infringement. The internet provides ample opportunities for businesses to market their products online, but certain rules must be followed. Online merchants, no matter how small, are subject to federal regulations when selling their products over the internet.
Ecommerce compliance is fundamental for businesses operating in the digital space. Firstly, compliance helps ensure legal and ethical operations, aligning business practices with regional and international laws. This alignment is critical to build trust with customers and partners, who are increasingly aware of and concerned about data privacy ...
Oct 31, 2023 · Making your online business legally compliant goes beyond understanding laws and regulations; it requires diligence in implementing necessary changes, regularly reviewing your practices, and seeking expert legal guidance when needed. Compliance is an ongoing process that will greatly impact your online business’s growth and success.
Feb 23, 2024 · Yet, deciphering the intricate web of online business laws and regulations can be daunting for entrepreneurs and established businesses alike. This guide illuminates the key legal aspects of running an online business, ensuring you remain compliant whilst maximising your business potential. Introduction to E-commerce Laws
Oct 28, 2021 · Some legal considerations for eCommerce businesses involved in international transactions include: International Web and Software Development Agreements. Conducting business in the modern global economy offers great rewards, but involves risks, as well. Although companies can take a number of precautions to limit their risks in international ...
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Feb 7, 2024 · Remaining aware of changes to online business regulation laws is one of the best ways to predict the direction in which the e-commerce industry is headed. For businesses needing assistance with legal compliance, having access to online legal forms can simplify the process and ensure that all legal documentation is properly handled.
