EU Ministers Approve Bill Updating VAT Reporting for Non-EU Imports to Boost Compliance

EU affairs ministers approved a bill updating VAT reporting and payment for EU-based sellers on imported goods
The rules make EU-based importers responsible for VAT instead of consumers
Non-EU suppliers are encouraged to register on the Import One-Stop-Shop platform
The IOSS allows VAT payments at the time of purchase rather than at the border
The system aims to protect tax revenues and improve compliance

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.