The introduction of the One-Stop-Shop (OSS)
Since 1 July 2021, the second stage of the so-called VAT digital package of the EU Commission applies. Linked to this is the introduction of the One-Stop-Shop, or OSS.
- VAT is due in the country of destination
- Registration
- OSS Report
- Responsibilities and functioning of the One-Stop-Shop for European merchants
- VAT registration and reporting obligations since 1 July 2021
- Local registrations in EU Member States
- Declaration of sales via One-Stop-Shop (OSS)
- Participation in the OSS procedure + foreign registration
- Advantages and disadvantages of participating in the OSS procedure
- Advantages
- Disadvantages
- Should I register for the One-Stop-Shop?
- Obligations when using the OSS
- General deadlines
- Payment on time
- Record-keeping obligations
- No declaration of excise duties in the OSS
- No OSS with differential taxation
- Revoke participation in the OSS procedure
- Changes to registration data
Source: eclear.com
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