- A unique consignment transaction number will be created for non-EU sellers or marketplaces using IOSS.
- This number will be linked to the sellers or marketplaces IOSS number.
- Customs can use this number to verify that goods are declared in the EC IOSS system.
- This helps prevent fraudulent shipments where someone uses another’s IOSS number to avoid paying import VAT.
- The EU is proposing to remove the €150 threshold for using IOSS starting March 1, 2028 as part of EU Customs Reforms.
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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