What is the IOSS? (Import One-Stop Shop) Instead of requiring the buyer to pay the VAT at the time the products are imported into the EU, IOSS enables suppliers and electronic interfaces that sell imported items to consumers in the EU to collect, declare, and pay the VAT to the tax authorities.What are the advantages of the IOSS? The IOSS facilitates the collection, declaration, and payment of VAT for sellers that are making distance sales of imported goods to buyers in the EU. The IOSS also makes the process easier for the buyer, who is only charged at the time of purchase, and therefore does not face any surprise fees when the goods are delivered. Physical Goods: Physical orders priced under EUR 150 are subject to VAT at checkout, whereas goods priced beyond EUR 150 will be subject to VAT at the time of delivery. |