- Continuous increase in revenue and registrations confirms the success of the reformed EU VAT rules for e-commerce
- Over 33 billion euros in VAT revenue collected in 2024 through EU e-commerce VAT systems
- Reforms from 2021 simplify compliance, support businesses, and ensure fair taxation
- One Stop Shop and Import One Stop Shop allow businesses to declare and remit VAT for cross-border sales and low-value imports
- In 2024, over 24 billion euros declared through Union OSS, 2.8 billion through non-Union OSS, and 6.3 billion through Import OSS
- 26 percent increase in VAT revenue compared to 2023
- Nearly 88 billion euros collected since mid-2021 through OSS and IOSS systems
- Over 170,000 businesses registered in OSS and IOSS by end of 2024
- More than 20,000 new registrations in Union OSS in the last year
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.
