What is changed to the European Union’s VAT rules per July 1st?

In short the changes that took place after July 2021 are:

• Removing the distance selling thresholds for sales of goods and setting a unified threshold of 10.000 euro
• Expanding the Mini One Stop Shop (MOSS) by Launching the new One Stop Shop (OSS)
• Ending the low-value import VAT exemption and introducing the new IOSS
• Online marketplaces will be deemed the seller for collecting and reporting VAT
• New record-keeping requirements will be introduced for online marketplaces facilitating supplies of goods and services
• Special arrangements in order to simplify imported goods with a value of less than €150 in case the IOSS (import one-stop-shop-) is not used