TikTok, originally a social media platform for entertaining videos, is now evolving into a social commerce platform with TikTok Shop. This integrated e-commerce feature allows sellers, creators, and companies to sell products directly to users. The feature includes live shopping, shoppable short videos, product showcases, and shop tabs, and is integrated with leading commerce platforms. In the US, TikTok Shop is subject to marketplace facilitator laws, making the platform responsible for sales tax reporting. However, vendors are responsible for the accuracy of product data and handling resale certificates. Vendors are advised to have a tax monitoring tool and keep accurate sales records.
Source 1stopvat
