Promolior Oy

VAT special scheme, the One-Stop-Shop (OSS) expands to cover distance selling of goods to private consumers in the EU

July 30, 2021

As of 1 July 2021, the European Union’s (EU) VAT rules enable E-commerce companies to handle their value-added taxes centrally in a single EU Member State.

The OSS system – an electronic portal that businesses use to pay the VAT – that has earlier been available only in a few sectors, can now be used by a wide range of suppliers to declare VAT for their consumer sales on a single return.

Local VAT registrations and submission of returns country by country are no longer required for the companies using the OSS system.

For more info about the VAT special scheme (One Stop Shop) 

Other news