On July 1, 2021, an e-commerce package in VAT came into force, simplifying VAT settlements across the European Union (EU).
Read more:
E-commerce package – VAT changes as of 1 July 2021
Import One-Stop-Shop (IOSS)
The implementation of the package resulted in simplification of VAT rules not only in business to customer (B2C) transactions, but also in terms of VAT reporting by getting rid of excessive administrative burdens related to a VAT registration in the various EU Member States, or e.g., unification of amount thresholds, invoicing rules.
The areas which were also included in the e-commerce package are cash registers and the obligation to report sales made on them to natural persons not conducting the economic activity and lump-sum farmers.
Source asbtaxblog
