Proposed Changes
Recognizing the burden imposed on businesses by the €150 threshold, on 17th May 2023, the Commission proposed an expansion of the IOSS by completely removing the threshold. This proposed change aims to enable a broader range of businesses to benefit from the IOSS, resulting in reduced compliance costs. The proposal is currently undergoing a special legislative procedure, requiring unanimous support in the Council, and will involve consultation with the European Parliament and the European Economic and Social Committee.
Source TPA
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