IOSS (Import One-Stop Shop) in EU simplifies VAT payments for cross-border e-commerce, enabling businesses to sell goods smoothly across Europe.
The EU created the Import One-Stop Shop to ensure a smooth transition to the new VAT system (IOSS). From July 1, 2021, businesses will be able to use the IOSS to comply with their VAT ecommerce obligations when importing commercial goods from outside the EU.
IOSS registrations are open as of April 1st, and businesses can register on any EU member state’s IOSS portal. The IOSS is open to all EU businesses. In order to register businesses outside of the EU under IOSS, an IOSS intermediary will need to be appointed. This intermediary must be a company based in the European Union.
All distance sales of imported goods to EU buyers require an IOSS registration. Starting July 1, 2021, you can only use the IOSS for goods sold.
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