EU Council Agrees on Directive to Boost VAT Import One-Stop-Shop Usage

• ECOFIN agreed on a draft directive to promote the use of the VAT import one-stop-shop (IOSS)
• The IOSS is part of the 2021 EU VAT e-commerce package for taxing remote sales of goods to EU consumers
• IOSS applies to consignments valued at €150 or less, not subject to excise duties
• Businesses registered under IOSS charge VAT at the point of sale and declare it monthly
• Non-registered businesses have customers pay import VAT upon delivery
• The proposed directive aims to make sellers or marketplaces liable for import VAT if not registered under IOSS
• Non-EU traders not registered under IOSS must appoint a tax representative unless from certain countries
• Indirect customs representatives can be held accountable for import VAT
• Member states can hold individuals responsible for customs irregularities accountable for import VAT

Source: kpmg.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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