The EU will reform VAT on e-commerce on 1 July 2021 in its e-commerce VAT package. This will include a new pan-EU import VAT return, Import One-Stop-Shop IOSS return. This will enable sellers or facilitating marketplaces to report VAT charged at the point-of-sale on distance sale import consignments not exceeding €150. Non-EU businesses will have to appoint an EU-resident Intermediary, a type of VAT agent, to represent them to use IOSS. The Intermediary shares responsibility for returns submissions and VAT payments.
The decision to impose guarantees on Intermediaries is left to the member states where the Intermediary is resident and registered. It is expected it will reflect the VAT Fiscal Representative country rules.
Source Avalara
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