Section 52 - Collection of tax at source.

Collection of tax at source: e commerce operators must collect and remit notified percentage on supplies where they collect consideration.

Electronic commerce operators (not agents) must collect an amount up to a government notified rate not exceeding one percent of the net value of taxable supplies where consideration is collected by the operator; pay the amount to Government within ten days after month end; furnish prescribed electronic monthly and annual statements detailing supplies, returns and amounts collected; allow suppliers to claim credit for amounts so collected; comply with prescribed matching and discrepancy procedures that may add unrectified amounts to suppliers' output tax liabilities with interest; and respond to notices for supply or stock information or face penalties.