- 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
Source: news.bloombergtax.com
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.
