8 https://www.mondaq.com/tax-authorities/1286244/tax-obligations-of-sellers-on- vietnamese-e-commerce-platforms 9 https://www.marketwatch.com/press-release/global-gig-economy-market- highlights-2023-2030-best-growth-survey-2023-04-27 10https://www.ctvnews.ca/business/almost-half-of-canadian-gig-workers-not-willing- to-declare-all-income-at-tax-time-survey-finds-1.6299550 11 https://www.taxpolicycenter.org/taxvox/lower-1099-k-threshold-would-put-gig- workers-more-equal-footing Online sellers sometimes attempt to avoid paying taxes by under reporting income to exploit tax exemption limits, especially when selling on multiple platforms. Beyond under reporting, there is a challenge for governments to track taxable activities under their jurisdiction, especially when relating to businesses with a presence abroad. The Vietnamese General Department of Taxation recently obtained information on over 53,000 individuals and 14,800 organizations selling on Shopee, Lazada, Sendo, and other platforms. The authority plans to analyze the data in order to investigate and uncover tax evasion and non-compliance 8 . Online sellers With platforms like Uber, Fiverr, and Airtasker, the global gig economy market size reached nearly $414 million in 2022 and is expected to expand to roughly $919 million by 2030 9 . Because many players in the gig economy are supplementing their main income sources with additional income streams which are relatively small, non-compliance in this segment is rampant. An estimated 50% of Canadians participating in the gig economy are not reporting, and 1 in 5 don’t understand that they need to 10 . In the US, an estimated 16% of the population earned money on an online gig platform, and the IRS is finding it difficult to determine the correct amounts of taxes owed and collected 11 . Gig economy + Sellers avoid taxes or falsely claim exemptions, especially when using multiple platforms + Vietnam has obtained data from various platforms to charge tax dodgers + $414M global market size + Many supplement their primary income with gigs and don’t report it 3 Combatting Tax Evasion in the Digital Marketplace 2 Challenges for Tax Authorities 4 About NEXYTE 5 1 Tax Evasion in the Digital Economy