The Import One-Stop Shop (IOSS) is the electronic portal
businesses can use from 1 July 2021 to comply with
their VAT e-commerce obligations on distance sales of imported
goods.
According to the VAT rules applicable up until 1 July
2021, no import VAT has to be paid for commercial goods of
a value up to EUR 22.
The new VAT e-commerce rules will abolish this provision as
of 1 July 2021. Thus, from 1 July
2021, all commercial goods imported into the EU from a
third country or third territory will be subject to VAT
irrespective of their value.
What is the IOSS for?
The IOSS allows suppliers and electronic interfaces selling
imported goods to buyers in the EU to collect, declare and pay the
VAT to the tax authorities, instead of making the buyer pay the VAT
at the moment the goods are imported into the EU as it was
previously the case (for products over 22 EUR).
