- VAT OSS procedure simplifies VAT settlements for businesses selling goods or services to individuals in different EU countries.
- It allows for a single VAT declaration, avoiding the need for VAT registration in each country where customers are located.
- Businesses register for VAT OSS in their country of establishment or choose a country for non-EU entities.
- The procedure can reduce VAT handling costs and allows communication with tax authorities in the native language.
- There are two schemes: EU and non-EU, with specific rules for each.
- The EU scheme applies to businesses with a presence in the EU for both goods and services.
- Non-EU businesses can use the scheme for goods only, with services requiring the non-EU procedure.
- The OSS is commonly used for distance sales within the EU, with specific thresholds for VAT reporting.
Source: ksiegowosc.infor.pl
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.
