E-Commerce VAT

If you provide goods and services in the EU you may be required to register and account for VAT locally. Depending on what you sell and how you carry out the delivery of goods or services you may have to register for one of the new E-commerce schemes introduced in the EU in July 2021.

 

– Union Scheme One Stop Shop (OSS) covers all types of business to consumer (B2C), supplies of services as well as intra-EU distance sales of goods, and certain domestic
supplies facilitated by electronic interfaces – e.g.

– Distance sales of goods (B2C sale of delivered goods within the EU)
– Available to EU and Non EU businesses
– Collect VAT rate based on customer country location
– Pay VAT via calendar quarterly VAT return
– Cannot recover VAT incurred locally via OSS

 

Non Union Scheme OSS – covers supplies of all types of cross border services provided by taxable persons not established in the EU to final consumers in
the EU- e.g.

 

– E-services (B2C sale of electronically supplied content in the EU)
– Available only to non-EU businesses
– Collect VAT rate based on customer country location
– Pay VAT via calendar quarterly VAT return.
– Cannot recover VAT incurred via OSS

 

Import One Stop Shop Scheme (IOSS)- for e-commerce supplies of goods being imported from outside the EU into the EU.

– Goods with a consignment value of 150 EUR or less can enter EU duty free
– VAT is applicable but must be collected at the time of sale
– VAT gets collected based on country where goods are sent to
– Supplier files a monthly return declaring the VAT they have collected in each EU MS

 

Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.