- Shift of VAT Responsibility: EU affairs ministers adopted a directive that transfers VAT responsibility from consumers to sellers and digital platforms for goods imported from outside the EU, effective July 1, 2028.
- Enhanced IOSS Utilization: The Import One-Stop-Shop (IOSS) will streamline VAT collection by allowing sellers, including those outside the EU, to register in one Member State to declare and pay VAT for all cross-border sales, simplifying compliance.
- Destination-Based Taxation and Customs Reform: The new VAT directive enforces destination-based taxation, where VAT is reported in the Member State of delivery, and is part of broader customs reforms aimed at addressing low-value imports and enhancing EU customs revenue.
Source GlobalVATcompliance
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