- EU finance ministers to approve new VAT reporting reform for e-commerce imports
- Proposal removes the €150 threshold for using the Import One-Stop Shop
- Simplifies VAT compliance by allowing registration in a single EU country
- Revised bill makes IOSS adoption optional with incentives for participation
- Part of a broader customs overhaul to combat VAT and customs fraud
- Aims to address issues from increased low-value imports due to e-commerce
Source: globalvatcompliance.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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