- European Parliament consulted for the second time on VAT rules for distance sales of imported goods
- Original proposal to make IOSS mandatory was rejected by Member States
- Alternative proposal to hold suppliers and platforms liable for import VAT if not using IOSS was not mature enough
- Commission proposed reforms to Union Customs Code, including abolishing the 150 euro exemption threshold
- Provisions to incentivize IOSS use were added to the Customs Code reform proposals
- Polish Presidency suggested separating IOSS provisions from customs proposals, which was accepted
- Council agreed to incorporate IOSS incentives into the VAT Directive, making suppliers and platforms liable for import VAT if not using IOSS
- European Parliament emphasized transparency and security in IOSS operations
- Called for a unified approach between IOSS and customs legislation to avoid inconsistencies and double taxation
- Highlighted the need to reduce administrative burden for SMEs
- Suggested assessing pros and cons of making IOSS mandatory
- Rapporteur recommends a simplified procedure without amendments for re-consultation
Source: europarl.europa.eu
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.
