Ecommerce companies will be wondering why they should bother with IOSS.
Using IOSS means that goods go through customs faster because VAT has already been calculated and accounted for, plus the end customer has full visibility and will not incur any surprise costs when picking up the product. The key focus should be customer satisfaction.
Using IOSS saves you and your customers headaches. You can offer your customers a seamless and hassle-free shopping experience by taking care of all VAT declarations and payments for cross-border transactions. Plus it helps speed up the movement of goods through customs.
What are the benefits for retailers?
When making a cross-border purchase, customers face uncertainty due to multiple surprise invoices and customs challenges. By registering your company with IOSS you will be able to show your customers the total cost at the time of the transaction and streamline the customs process.
Centralized and effective customs clearance
After July 1, 2021, there will be no central clearance option for vendors who do not register with IOSS. The applicable VAT rate will be in the EU country where the customer is located and will be obliged to arrange direct transport.
Reduced administrative costs
Your company, being registered with IOSS in an EU member state, will be able to use this registration as a basis for shipping throughout the EU.
What are the benefits for your customers?
No surprise costs
Customers will no longer have to pay any surprise charges, taxes or additional customs fees. This means a completely transparent transaction. Ecommerce and marketplace companies can advertise their products at full price (including VAT and all shipping costs).
As VAT is already calculated and accounted for, the products will pass through customs quickly thanks to the standardized system. Unlike customers who buy through an unregistered supplier.
As your company is registered with IOSS, your customers will no longer have to go through another procedure to pay VAT.
Crossborderit has a simple solution. We help with all aspects of Classification, Calculation, and we will even collect the duties and pay them on entry so there are no delays. The customer knows what they are going to pay when they buy the product. Customs is paid accurately allowing the package to be delivered just like a domestic shipment.
Apply easily for IOSS representation through Crossborderit (CBIT) onboarding site. All shipments under 150 Euro will require an IOSS representative. CBIT can guarantee these shipments are paid for and compliant.