On 22 September, Ecommerce Europe organised a high-level virtual roundtable with the representatives of the European Commission and the e-commerce market players on the first experiences on the One Stop Shop (OSS) and Import OSS (IOSS).
Following the entry into application of the VAT E-commerce Package on 1 July, many simplifications have been introduced by the extension of the Mini One Stop Shop into a Union-wide One Stop Shop for B2C distance sales, and the setting up an Import OSS for imported goods. With the aim to ensure a level playing field between EU and non-EU based companies, and to simply the multiple VAT registrations and returns for businesses, the new (I)OSS system has already proved to be a success story with over 4.600 registrations in less than three months, allowing for simplified procedures for the VAT registration and returns, which now can be made in pursuance of the once-only principle.
3 main issues are spotted:
- Double taxation
- IT and software functioning and compatibility
- Different tax regimes and invoicing methods in the EU Member States
Source E-Commerce Europe
