The European Commission (EC) proposes a solution to the problem of double taxation arising on the new EU Import One-Stop Shop (IOSS) scheme for declaring VAT on low-value imports (consignments not exceeding €150).
EC suggests allowing sellers or deemed supplier marketplaces to reclaim in subsequent IOSS returns any import VAT incorrectly collected at Customs.
The European Council back this solution in its conclusions of 15 March.
The Council backs the implementation of the new EU VAT e-commerce rules, the possibility to make the use of the IOSS mandatory and removal of the EUR 150 threshold for the use of the IOSS.
The Council backs extensions of the scope of the EU VAT one-stop shop (OSS) to all B2C supplies and the use of the reverse charge mechanism for B2B supplies by a non-established taxable person.
Source Grant Thornton
Latest Posts in "European Union"
- Advocate-General: Transfer Pricing Adjustments for Intra-Group Goods Likely Subject to VAT Compliance
- Transfer Pricing Adjustments Affect VAT Only if They Alter Agreed Transaction Price Between Parties
- A-G CJEU: Transfer Pricing Adjustments Are VAT Price Corrections for Previous Sales, Not Services
- AG Kokott: Transfer Pricing Adjustments Affect VAT Only if They Change Consideration, Not Just Profit Allocation
- EU Introduces Flat EUR 3 Customs Duty Per Item for Low-Value Imports from July 2026
