On 1 July 2021 the new VAT e-commerce rules came into force under which VAT due on B2C-cross-border supplies of goods can be reported in a single Member State. Despite the fact that the implementation of the new rules went quite smoothly overall, some technical difficulties – including double taxation in case of imports and use of the IOSS VAT return – have risen. In this article we elaborate on the issue of double taxation under the IOSS and -even more important- a recently proposed solution to solve the issue. If your business is using the IOSS to comply with VAT-ecommerce obligations on distance sales of imported goods this solution may apply to you.
Source BDO
Latest Posts in "European Union"
- EU Parliament Approves CBAM Reforms: New 50-Ton Threshold, Delayed Certificate Purchases to 2027
- ViDA: Transforming EU VAT with Harmonized e-Invoicing and Real-Time Reporting
- EU Court Ruling on Arcomet: Transfer Pricing Adjustments Pose VAT Risks for Companies
- Italian Tax Authorities Remove Non-EU Companies from VIES for Failing New VAT Guarantee Requirements
- Comments on ECJ C-121/24: Non-payment of declared VAT does not constitute VAT fraud
