The taxman wants a piece of your e-commerce pie

The taxman wants a piece of your e-commerce pie: The Tax Authority is assessing putting in place regulations that would allow it to collect taxes on e-commerce transactions, a source told Al Mal. The source says it is the Tax Authority’s view that online transactions should be subject to VAT. We have many bones to pick with the Tax Man, but this ain’t one of them: We pay our taxes, and so should everyone else, whether you’re selling goods / services online or face-to-face. Global precedent is rather clearly in the Tax Authority’s side on this one, so we hope this is wrapped up quickly and with minimal fuss.