{"id":3543,"date":"2021-08-26T00:55:21","date_gmt":"2021-08-25T21:55:21","guid":{"rendered":"https:\/\/www.gdpanayiotides.com\/?page_id=3543"},"modified":"2021-08-26T11:42:18","modified_gmt":"2021-08-26T08:42:18","slug":"oss-vat-solution-for-e-commerce-sellers","status":"publish","type":"page","link":"https:\/\/www.gdpanayiotides.com\/index.php\/oss-vat-solution-for-e-commerce-sellers\/","title":{"rendered":"OSS VAT solution for e-Commerce sellers"},"content":{"rendered":"\n<style type=\"text\/css\" id=\"style-css-av-ksskxkka-ad7439fa77c04f86e84a86d0be233630\">\n.avia-image-container.av-ksskxkka-ad7439fa77c04f86e84a86d0be233630 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-ksskxkka-ad7439fa77c04f86e84a86d0be233630 av-styling- avia-align-center  avia-builder-el-0  el_before_av_textblock  avia-builder-el-first  '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-3422 avia-img-lazy-loading-not-3422 avia_image' src=\"https:\/\/www.gdpanayiotides.com\/wp-content\/uploads\/2021\/08\/financial-analysis-1-1500x430.jpg\" alt='' title='Business data'  height=\"430\" width=\"1500\"  itemprop=\"thumbnailUrl\"  \/><\/div><\/div><\/div>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock  '   itemprop=\"text\" ><h4 style=\"text-align: center;\">IOSS AND OSS VAT Solutions for E-Commerce sellers<\/h4>\n<h4>Introduction<\/h4>\n<p>The European Union (EU) has introduced new rules to the value added tax (VAT) system that will affect e-commerce sellers and marketplaces as of 1 July 2021. The low value exemption from VAT for goods imported into the EU will be abolished.<\/p>\n<p>From July 2021,\u00a0B2C sellers of goods will no longer be required to register for VAT in various EU countries and make VAT returns in the EU countries where they are selling. Instead, they may opt to for OSS (One Stop Shop) and file one single VAT return covering all of their B2C EU sales.<\/p>\n<p>The VAT on these transactions can be collected either by:<\/p>\n<ul>\n<li>Import VAT collected upon importation, with the customs declarant paying the VAT and then recovering it either from the customer or the supplier.<\/li>\n<li>The supplier registers for the \u201cimport one-stop shop\u201d (IOSS) and collects VAT from the customer at the point of sale. If the IOSS is used, import VAT is not due at the time of importation.<\/li>\n<\/ul>\n<h4>IOSS regime (Import One Stop Shop)<\/h4>\n<p>IOSS is a new system for reporting and collecting VAT on B2C sales of low-value goods imported from non-EU countries. Low value goods are goods with a value, not including separately stated transportation costs and VAT, not exceeding \u20ac150. For these purposes, the value of the product is calculated as the total of the value of all the products in a single package.<\/p>\n<p><strong>Non-EU sellers<\/strong><\/p>\n<p>Sellers who are non-resident in the EU may also use the OSS simplified filing. They must first register as a \u2018non-Union\u2019 taxpayer with the tax authority of any EU member state. They can then file quarterly OSS filings like any EU e-commerce seller. There is a requirement to file a regular domestic VAT return in at least one EU member state. VAT incurred on imports may be declared in the OSS, too.<\/p>\n<h4>Union Scheme (OSS) and Non-Union Scheme (OSS)<\/h4>\n<p>There are two OSS Schemes that can be used as illustrated below:<\/p>\n<table width=\"702\">\n<thead>\n<tr>\n<td><\/td>\n<td><strong>Non-EU established taxable person\/supplier<\/strong><\/td>\n<td><strong>EU established taxable person\/supplier<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Supplies of services to consumers (B2C)<\/strong><\/td>\n<td>Non-Union scheme (OSS)<\/td>\n<td>Union scheme (OSS)<\/td>\n<\/tr>\n<tr>\n<td><strong>Distance sales of goods within the EU<\/strong><\/td>\n<td>Union scheme (OSS)<\/td>\n<td>Union scheme (OSS)<\/td>\n<\/tr>\n<tr>\n<td><strong>Domestic supplies Of GOODS by DEEMED SUPPLIERS<\/strong><\/td>\n<td>Union scheme (OSS)<\/td>\n<td>Union Scheme (OSS)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>The Union OSS<\/h4>\n<p>The Union\u00a0One-Stop Shop (OSS)\u00a0is the electronic portal businesses can use to comply with their VAT obligations on e-commerce sales within the EU to consumers\u00a0from 1 July 2021.<\/p>\n<h4>Who can use the Union OSS and for which supplies?<\/h4>\n<p>1. A taxable person\u00a0established in the EU\u00a0(who is not a deemed supplier)\u00a0can use the Union OSS for:<\/p>\n<ul>\n<li>Supplies of\u00a0<a href=\"https:\/\/ec.europa.eu\/taxation_customs\/business\/vat\/oss_en#heading_5\">B2C services<\/a>\u00a0taking place in a Member State in which he is not established;<\/li>\n<li>Distance sales of goods within the EU.<\/li>\n<\/ul>\n<p>2. A taxable person not\u00a0established in the EU\u00a0for:<\/p>\n<ul>\n<li>Distance sales of goods within the EU .<\/li>\n<\/ul>\n<p>3. An electronic interface (established in the EU or outside the EU) facilitating supplies of goods (deemed supplier) for:<\/p>\n<ul>\n<li>Distance sales of goods within the EU;<\/li>\n<li>Certain domestic supplies of goods.<\/li>\n<\/ul>\n<h4>How to register for the OSS?<\/h4>\n<p>Each EU Member State will have an online OSS portal where businesses can register\u00a0from <strong>1 April 2021<\/strong>\u00a0and can use for transactions made on or after\u00a0<strong>1 July 2021<\/strong><\/p>\n<h4>The Non-Union OSS<\/h4>\n<p>From 1 July 2021, the non-Union scheme is extended and can be used:<\/p>\n<ul>\n<li>Exclusively by (online) sellers not established in the EU.<\/li>\n<li>For all B2C supplies of services taking place in the EU made by these non-EU online sellers.<\/li>\n<\/ul>\n<h4>How can we help<\/h4>\n<p>We can assist with:<\/p>\n<ul>\n<li>Register your company with OSS or IOSS as appropriate<\/li>\n<li>Manage your quarterly VAT \/ OSS \/ IOSS returns<\/li>\n<li>Reduce cost of VAT compliance for e-commerce businesses<\/li>\n<li>Assist on recruitment or creating a Cyprus establishment if needed<\/li>\n<\/ul>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":3369,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-3543","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OSS VAT solution for e-Commerce sellers - G D Panayiotides &amp; 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