An import one-stop shop streamlines the process of importing goods by consolidating various procedures, paperwork, and requirements into a single platform, facilitating efficient and hassle-free international trade transactions.
The Import One-Stop-Shop (IOSS) was created to make the declaration and payment of VAT for distance sales of imported goods with a value of less than EUR 150 easier and more convenient.
The IOSS simplifies the collection, declaration, and payment of VAT for sellers who sell imported goods to EU buyers over the internet.
The IOSS also simplifies the process for the buyer, who is only charged at the time of purchase and thus avoids any unexpected charges when the goods arrive.
If the seller is not registered with the IOSS, the buyer is responsible for paying VAT and, in most cases, a customs clearance fee levied by the transporter when the goods are imported into the EU.
The IOSS can be used by both EU-based suppliers and non-EU-based suppliers who have a fixed or temporary presence in the EU.
EU suppliers can register for the IOSS directly in their home country. Non-EU suppliers, on the other hand, will need to appoint an EU-based intermediary in order to use the IOSS.
If you need further information on the (IOSS) Registration, please contact us for assistance on this matter.
If you have any queries, or would like specific advice, then please do not hesitate to contact a member of our team.
call us on +353 (0)1 442 8230, 00353 851477625 or email moh@tasconsulting.ie
We offer a wide range of accounting-related services of unrivalled quality and dependability. We believe that each customer should be treated as an individual with distinct needs and requirements. TAS provides each customer with customized and tailored solutions in the following areas:
Nov 2, 2023
Nov 9, 2023
Oct 21, 2023
MOST POPULAR
GET IN TOUCH
Moh@tasconsulting.ie
01 442 8230
0851477625