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)
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Promolior is a Finnish consulting company specializing in construction business development, financial advisory and compliance services.
We combine industry expertise with automated processes to ensure your construction projects run smoothly.
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