E-commerce: Avoid VAT compliance obligations abroad and register now for the One Stop Shop (OSS)

From 1 July 2021, companies selling goods via web shops will have to deal with foreign VAT and the related obligations much sooner when selling goods to private individuals in other EU Member States. From that date, the current thresholds for distance selling will disappear and be replaced by a single general threshold of €10,000 across the EU. To avoid companies having to register for VAT in all these Member States, this foreign VAT can, from 1 July 2021, be accounted for via the centralised One Stop Shop return. On 1 April 2021, the Belgian VAT Administration opened the portal in which your company can now register for this One Stop Shop regime.

Source: tiberghien.com

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