Value added tax (VAT) will be collected on all import consignments—regardless of their value—beginning 1 July 2021.
Thus, when purchasing goods via e-commerce transactions from foreign entities, it will be necessary to consider whether the purchase price includes or excludes VAT. When a seller undertakes to pay VAT on import, the seller may choose to proceed under the one-stop-shop (OSS) regime—specifically, the import OSS (IOSS).
Source KPMG
