“The EU VAT Ecommerce package, in force since 1 July 2021, is redefining global online retail and hugely impacting logistics and last mile delivery.
According to this new regulation, parcels imported to the EU via the EU Import One Stop Shop (IOSS) scheme are exempt from import VAT.
This change affects billions of shipments sent to the EU from third countries – Amazon and Alibaba alone import more than 1.5 billion shipments per year to the EU.”
Source: commerce-logistics.com
