EU VAT Rules: Details about IOSS that importers need to know
- Arne Mielken
- Mar 23, 2022
- 1 min read
(P) There have been key changes in import VAT since 1 July 2021. Find out about the new law and changes B-2-C businesses need to know. Download a presentation, explanatory notes and IOSS contacts.
PRESENTATION FOR DOWNLOAD
We have created a presentation for you to understand the key changes in a Presentation for you to download.
EU Explanatory Notes
EU Member States Contacts that deal with IOSS
All you need to know about the one-stop-shop (OSS)
Currently EU businesses making distance sales of goods from within the EU above a certain threshold (EUR 35 000 or 100 000, depending on the Member State) to buyers located in another EU Member State need to register and pay VAT in the buyers’ Member State. This is very costly and burdensome. From 1 July 2021 new rules enter into force. According to these new rules, below a threshold of EUR 10 000 VAT can be paid to the Member State where the selling business is located. Above this threshold, businesses will be able to easily register in a One-Stop Shop (OSS) – where they can easily declare and pay the VAT due in other Member States.
From the EU Commission
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