Import One-Stop Shop

Import One-Stop Shop (IOSS) is an electronic portal in the European Union which serves as a point of contact for the import of goods from third countries into the European Union. The scheme aims to simplify the declaration and payment of value-added tax when importing goods into the European Union (EU).

Table (in German) showing all three EU OSS schemas: OSS, non-EU OSS and IOSS

IOSS became available from 1 July 2021,[1] and applies to distance sales of items imported from third territories or third countries with a value from 0 to 150 euros. Participation in the IOSS portal is voluntary.[2]

Goals

Until the introduction of the IOSS system, there was a VAT exemption on goods imported to the EU with a value from 0 to 22 euros.[3]

Registration

Registration for companies has been possible since 2021 April 1 on the IOSS portal of any EU member state, and registration in a single union member state is sufficient.[4]

See also

References
  1. Import One Stop Shop (IOSS) and Postal Delivered Duties Paid (PDDP) | Royal Mail Group Ltd
  2. European Commission, official website - IOSS
  3. All you need to know about the import one-stop shop (IOSS) - Publications Office of the EU
  4. Import One Stop Shop (IOSS)
  5. EU innførte IOSS-ordningen fra 1. juli - Tolletaten
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.