VATupdate

iOSS: a VAT shortcut for non-EU sellers in the EU

The EU VAT rules for e-commerce will change on 1 July 2021. In order to create a level playing field for online retailers and web shops established inside and outside of the European Union, all B2C sales of goods will become subject to VAT in the EU country where the customer receives the goods.

This article describes the key changes for B2C sales made by non-EU online sellers to EU customers. The new EU VAT e-commerce rules will require these non-EU sellers to collect local VAT on their sales, which they will have to report and pay through a VAT intermediary.

Webinar iOSS
Would you like more information about the new iOSS VAT scheme? We organize a webinar on 5 May 2021. Make sure you register to reserve your seat.

Source: Less Grey

 

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