EU guide for IPG members
May 9, 2023
VAT OSS, threat or a possibility?
If you have anything to do with online commerce, you have heard of the new One-Stop-Shop, the EU special VAT schemes. The EU Commission introduced e-commerce package was enforced on 1st July 2021 with good intentions of facilitating a single, harmonious EU market without allowing some unscrupulous actors to avoid paying VAT.
You can sell to all EU countries at destination VAT rates without being VAT registered to all of them separately is certainly removing artificial barriers to trade! Or, if you deliver from outside of EU you can do so with ease as long as the product is under 150€ using IOSS. There are a multitude of solutions available for the more expensive items, for example from couriers, but do check the pricing supports your pricing!
EU special VAT scheme benefits
EU special VAT schemes facilitate access to 445 million affluent EU customers. According to studies, even not having another language has the ex-pats loving to purchase from your wonderful store! And to make it easier, EAS automates all of that for you without monthly or annual costs!
So yeah, talking about a no brainer. Now on with it, conquer EU!
EU special VAT scheme Q&A
Should I register for the VAT schemes?
YES! They facilitate better customer experience in addition to keeping you compliant and out of trouble!
When should I register for IOSS?
Immediately when you start importing goods from outside of EU to EU end-customers.
As an EU company, can I register for IOSS?
Yes. You can do it yourself at your national tax administration portal.
As a non-EU company, can I register for the IOSS?
You can register for the IOSS via an Intermediary who will then handle correspondence and payment on your behalf.
As an EU company selling digital goods, should I register for non-Union scheme?
No, that is purely for non-EU companies. You report intra-EU cross-border sales of digital and physical goods with OSS.
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