- EU VAT Reform Overview: The upcoming EU VAT Reform 2028, part of the VAT in the Digital Age (ViDA) initiative, will modernize cross-border e-commerce taxation by making the Import One-Stop Shop (IOSS) nearly mandatory for businesses selling low-value goods into the EU, effective July 1, 2028.
- Key Changes in VAT Liability: The reform shifts VAT liability to sellers and online marketplaces, requiring them to collect and remit import VAT at the point of sale, while abolishing the Special Arrangements scheme that allowed postal services to collect VAT upon delivery.
- Implications for Businesses: Non-EU sellers and online platforms must register for IOSS to streamline VAT compliance and enhance customer experience, benefiting from faster customs processing and transparent pricing, while avoiding burdensome multi-country VAT registrations.
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