Summary:
- IOSS came into effect on 1st July 21, making all the low-value shipments to the EU, those below €150 eligible for reporting and payment for tax.
- For this, the EU introduced the IOSS- Import One-Stop-Shop that allows merchants to sell low-value goods to any of the 27 EU member states on a single registration.
- This post is for Indian sellers selling across the border to an EU member state explaining what IOSS is, how it works and who needs to get registered.
Source Avalara
