GlobalTradePro – Articles

What are the advantages of IOSS?

What are the advantages of IOSS?

Until now, there was no tax on shipments valued at less than 150 €. This will change after July 1, 2021, all shipments in the EU will have to pay VAT. Tax authorities will start requiring traders to declare VAT on low-value shipments of goods in the EU. To make things...

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IOSS: the Import One Stop Shop for companies outside the EU

IOSS: the Import One Stop Shop for companies outside the EU

The IOSS scheme was designed for the sale of "low value" goods (not exceeding 150 EUROS) from outside the EU to EU buyers. Normally, shipments from non-EU countries with a value of less than 22 EUROS are exempt from VAT. The new VAT e-commerce rules will remove this...

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VAT payments in online trade simplified thanks to IOSS

VAT payments in online trade simplified thanks to IOSS

The current regulation of online cross-border trade has resulted in a significant loss of revenue for EU member states, so as of July 1, 2021, the European Union will no longer have the benefit of not paying customs duties or VAT on products from third countries. up...

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The new IOSS import regime and markets

The new IOSS import regime and markets

The new EU VAT and customs rules will completely change the way online sellers, e-commerce, retailers, marketplaces, etc. declare and pay VAT, collect tax and customs data, collect duties and tariffs.   The aim of these changes is to streamline the customs and...

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