Main facts about the One-Stop Shop (OSS) scheme
What changed from July 1, 2021?
On 1 July 2021, all European Union Member States rolled out a new e-commerce VAT system which entails a One-Stop Shop (OSS) and Import One-Stop Shop (IOSS) program. The aim of those programs is to promote both the cross-border online trade and trade across the EU by simplifying compliance obligations.
What is OSS?
OSS is a new EU VAT scheme that simplifies up to 95% of VAT obligations for sellers of goods and services to consumers throughout the European Union. Under the OSS, the seller can register for VAT in a single EU country for all intra-EU distance sales of goods and for business-to-consumer supplies of services, then declare and pay the VAT due via a single quarterly return. OSS enables sellers to avoid VAT registration in multiple EU countries. Read more…
Free OSS Guide
Facts about OSS
- OSS came into effect 1 July 2021
- A threshold of 10 000 EUR will apply for all EU countries
- The 22 EUR VAT exemption is removed. On every imported good or service VAT must be paid whether your business is enrolled to OSS or not
- OSS is NOT compulsory but recommended
- Reporting of the OSS VAT returns and payments is required on a quarterly basis
OSS covers sales such as:
- All services to EU consumers
- Distance sales of goods to EU buyers
Who can use OSS?
- You can qualify for OSS if you are an e-commerce seller based in the EU