Post by joita97022 on Jan 9, 2024 6:49:03 GMT 1
So we are starting a series of articles on this topic. Today we will look at solutions for collecting import VAT on lowvalue shipments. IOSS procedure The amendment to the VAT Act introduces a number of new concepts that we must become familiar with. One of them is IOSS – Import One Stop Shop. After the changes import VAT will be charged even on lowvalue shipments up to EUR.
This of course applies to transactions made by consumers most often via various types of trading platforms. The obligation to collect and remit VAT to the consumer's country will be transferred to the seller if he decides to use the IOSS procedure. The second Phone Number List solution will be the collection of import VAT by the person/company making the customs declaration a courier company customs agency Pocta Polska which will settle the tax monthly by.
Submitting a declaration to the tax authority. Settlement in the IOSS procedure VAT settlement in this procedure will be based on similar principles as settlement in the MOSS procedure after the OSS change . If the owner of the electronic platform is an EU seller he will be able to settle imported VAT in one monthly declaration in the country where he is registered for VAT in the EU.
This of course applies to transactions made by consumers most often via various types of trading platforms. The obligation to collect and remit VAT to the consumer's country will be transferred to the seller if he decides to use the IOSS procedure. The second Phone Number List solution will be the collection of import VAT by the person/company making the customs declaration a courier company customs agency Pocta Polska which will settle the tax monthly by.
Submitting a declaration to the tax authority. Settlement in the IOSS procedure VAT settlement in this procedure will be based on similar principles as settlement in the MOSS procedure after the OSS change . If the owner of the electronic platform is an EU seller he will be able to settle imported VAT in one monthly declaration in the country where he is registered for VAT in the EU.