European Commission Report: 2024 VAT E-commerce Package Application and Revenue Analysis

• The VAT e-commerce package was introduced on 1 July 2021 to modernize and simplify VAT collection on e-commerce transactions.
• The report is based on 2024 statistics from Member States regarding the e-commerce package.
• It details registrations and VAT declared in the Union OSS, non-Union OSS, and Import OSS as of 31 December 2024.
• In 2024, over EUR 33 billion of VAT was declared through the three OSS schemes.
• The Union scheme accounted for EUR 24 billion, the non-Union scheme for EUR 2.8 billion, and the Import scheme for EUR 6.3 billion.
• The VAT declared in OSS schemes increased by 26% from 2023 to 2024.
• From 2021 to 2024, approximately EUR 88.05 billion in VAT was declared under the OSS and IOSS schemes.
• The Import OSS scheme saw a 62% increase in VAT declared in 2024, reaching EUR 6.3 billion.

Source: eaccny.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.

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