- The Import-One-Stop-Shop (IOSS) applies to online marketplaces for goods imports valued at EUR 150 or less.
- Online marketplaces are treated as if they purchased and supplied the goods themselves.
- Many large online marketplaces already use the IOSS to handle VAT and customs for these imports.
- Use of the IOSS is not mandatory; other taxation procedures are available.
- Current practices allow online traders from third countries to avoid EU tax obligations, giving them a competitive advantage.
- From 1 July 2028, online marketplaces will be the mandatory debtor of import VAT, encouraging IOSS use.
- This change aims to shift VAT liability from customers to online traders or marketplaces.
Source: kmlz.de
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.
