The taxation of e-commerce for VAT in the EU started in July this year, and businesses that do not understand the new rules continue to struggle to comply. The changes will potentially affect the entire supply chain, from how VAT is calculated and declared in the EU to the data a seller or marketplace must collect for each transaction.
According to the European Commission, businesses involved in selling products online to EU consumers should assess the impact of the new VAT rules on their sales.
Don’t worry, there is still time to sign up for IOSS
With Crossborderit (CBIT) it’s easy to calculate, collect and pay tax. With a simple pricing structure, CBIT can take care of IOSS for you, deliveries will be like a domestic shipment.
Sign up for CBIT’s IOSS representation service, which will provide you with your IOSS number and allow you to send VAT-paid parcels to recipients in all 27 EU countries.
Transparency will help you generate loyal international customers and ensure that most shipments are never stopped at the border.
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