What are the benefits of the IOSS and Union OSS?

When a seller sells to more than one EU member state then the OSS schemes can be very beneficial. More specifically a seller can benefit from:

– All sales in the EU being reported with one VAT registration only
– Reduced administrative costs and improved cash flow
– Improved customer experience with transparent pricing at checkout so that your clients are not surprised with additional costs on receipt of the products.
– More efficient delivery time with expedited IOSS customs process
– Declaring and paying due VAT in a single VAT return

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