Register OSS or IOSS
If you are an EU business selling distance to other EU countries, sign up for the One Stop Shop (OSS) system to pay all VAT through a single tax authority.
If you are a non-EU business, register with the Import One Stop Shop (IOSS) system and follow the same process for goods worth less than 150 Euros. In addition to faster declaration and remittance of VAT through IOSS, you may also experience faster processing of your imported goods by customs authorities.
If you do not use IOSS, you may find that your shipment is more likely to be stopped at the border for additional valuation checks. Which may delay your delivery or result in additional VAT.
If You Use an Online Marketplace
To facilitate your transactions, the rules are different. Under new laws, you may be able to cancel your VAT registration in certain EU countries. The marketplace you use may be consider the supplier of the goods. The party responsible for collecting VAT at the time of sale.
Note that if you are a non-EU business, you Interior Designers Email List will need an “EU intermediary” to help manage the process under the OSS rules. Click here to learn more about EU intermediaries for non-EU businesses.
Consider Hiring a Tax Advisor or Lawyer
As a business owner (or aspiring business owner), we don’t have to tell you. That taxes can get pretty messy quickly. If you are not sure whether you are suitable for the new VAT laws. Hiring a consultant or lawyer will be a very worthwhile investment.
They are able to examine your specific business CNB Directory needs and advise you on the best steps to take. They might even help you find solutions that you would never have discovered on your own.