- EU Finance Ministers agreed on new VAT rules for distance sales of imported goods
- Initial proposal for mandatory IOSS was replaced with an incentivized approach
- Foreign suppliers and platforms will be liable for import VAT in the destination Member State
- Non-IOSS users must register in each Member State where they sell goods
- IOSS collects VAT at purchase time, reducing consumer burden
- Non-EU suppliers not using IOSS must appoint an EU tax representative unless covered by a mutual assistance agreement
- Council acknowledges need to address technical and operational issues with IOSS
- European Commission invited to provide clarifications and guidance
- Directive requires formal adoption and European Parliament consultation before enforcement
Source: etaf.tax
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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