- The Council has officially approved new rules for VAT on remote sales of imported goods, effective from July 1, 2028. These rules shift VAT payment responsibility from EU consumers to non-EU suppliers, encouraging the use of the Import One-Stop Shop (IOSS) system. The IOSS simplifies VAT declaration and payment, requiring only one registration for sales across the EU. This change aims to protect tax revenues, enhance VAT compliance, and transfer VAT collection responsibility to platforms. The directive will be published in the Official Journal of the European Union and will take effect 20 days after publication.
Source: taxheaven.gr
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.
