How to organize yourself in the face of new changes

[Masterhasan]

The new VAT reform for E-Commerce includes several updates, which can be consulted in detail in the VAT Directive 2006/112/EC itself but, to simplify, overall the following main changes are foreseen : National thresholds in distance selling are eliminated ( single threshold of 10,000 euros for all member states) Ends VAT exemption on imports for low value shipments ( any import from a non-EU country will be subject to the VAT of the member state of destination) VAT liability is introduced on marketplaces for distance sales of goods imported from third countries (players such as Amazon and Ebay.

When the company that uses their services is not established in the EU, but exports goods to you) For this reason, a one-stop shop system (OSS) has been established , through which to register and declare VAT . Furthermore, the OSS regime " will be extended to distance sales and the provision of services rendered to final consumers. In Macedonia WhatsApp Number List case of option for the One Stop Shop regime, the transferor will be able to apply the rules of the country of origin for invoicing purposes. In parallel, from 1 July 2021 the IOSS regime will be introduced for sales to final consumers of goods imported from third countries in shipments with a value not exceeding 150 euros.



Therefore, it is a good idea for all companies dealing with E-Commerce to prepare for these important innovations in force from 1 July 2021, designed to centralize procedures and to achieve fairer and more equitable taxation, through clear rules common to all. the EU member states. Is your e-commerce not performing as you would like? Discover business data, common errors and best practices for online shops will also be considered responsible for VAT management.