The EU e-commerce VAT Package is here. The new schemes, One Stop Shop (OSS) and Import One Stop Shop (IOSS) bring significant changes to VAT treatment and reporting mechanisms for sales to private individuals in the EU.
Sovos recently held a webinar on Back to Basics: The EU VAT E-Commerce Package. There were a number of questions asked in the webinar, so we’ve pulled together these FAQs, and the answers.
In previous blogs, we looked at understanding marketplace liability and understanding OSS. Here, we look at understanding IOSS and imports.
Source Sovos
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