- The European Commission’s latest report highlights the growth in operators registered under the One Stop Shop (OSS) schemes for e-commerce, with declared VAT reaching €24 billion for the EU OSS and €2.8 billion for the non-EU OSS in 2024. Future measures aim to expand these schemes for a single VAT registration in the EU. The OSS allows operators to register in one member state to handle VAT for cross-border B2C sales, simplifying formalities by not requiring invoices. However, VAT paid on purchases related to OSS operations cannot be deducted in the quarterly OSS declaration. For example, an Italian business using the EU OSS cannot deduct VAT on purchases related to distance sales and B2C services.
Source: eutekne.info
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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