Harmonization of VAT in the EU: Evolution, current challenges, and impact on e-commerce businesses
Date08 Aug 2024
The harmonization of Value Added Tax (VAT) in the European Union (EU) is a key process for integrating the internal market, aimed at eliminating trade barriers between member states. This...
Reading time: 3 min
VAT Compliance in international expansion: Practical tips
Date26 Jul 2024
International expansion can open new horizons for companies, but it also presents complex challenges related to compliance with diverse tax regulations. One key aspect requiring attention during international expansion is...
Reading time: 7 min
VAT regulations in the EU: What you need to know?
Date23 Jul 2024
Value Added Tax, commonly known as VAT, is a widely used consumption tax within the European Union. Its primary purpose is to burden the final consumer rather than businesses, although...
Reading time: 3 min
VAT rates in the EU in 2024: Overview and analysis
Date09 Jul 2024
Value added tax (VAT) is one of the main sources of budget revenues in European Union (EU) countries. As an indirect tax, VAT is included in the price of goods...
Reading time: 3 min
Impact of the VAT-OSS procedure on foreign sales in the e-commerce industry
Date10 Apr 2024
VAT-OSS, being a key element of the VAT package for e-commerce introduced in July 2021, facilitates VAT-related requirements for companies selling goods and services to consumers in other EU countries....
Reading time: 8 min
Penalties for late submission of OSS declarations
Date18 Jan 2023
One-Stop-Shop (OSS) is so far the best solution to simplify VAT compliance in cross-border e-commerce. It turns out that this so-called special tax procedure, as defined in European Directive 2017/2455,...
Reading time: 2 min
Special procedure – Import of goods from outside the EU (Import One Stop Shop)
Date21 Mar 2022
From 1 July 2021, the special procedure Import OSS (IOSS) came into force. It applies to distance sales of imported goods originating outside the European Union, the total value of...
Reading time: 2 min
Information about One Stop Shop (OSS)
Date24 May 2021
Until now, all e-commerce companies from the EU that sell goods to other EU countries, after exceeding a certain sales threshold (depending on the country the threshold ranges from EUR...
Reading time: 3 min
VAT ALERT – German sales tax will be reduced to 16% from 1st July 2020
Date09 Jun 2020
There will be a temporary reduction in the VAT rate to 16% and 5% from 1st July 2020. What should I now consider if trading online? On the 3rd June...
Reading time: 2 min
VAT ALERT – ONLINE SELLERS – One-Stop-Shop (OSS) for Distance Sales has been postponed until July 2021
Date03 Jun 2020
The implementation date for the VAT e-Commerce package has been postponed from 1st January to 1st July 2021. It was recently announced by the European Commission (EC) that the implementation...
Reading time: 3 min
EU update on VAT rules for eCommerce businesses
Date19 Jan 2018
The EU has recently declared new rules to help eCommerce businesses simplify how they account for VAT. These new rules apply to businesses selling both goods and services on a...
Reading time: 3 min