E-Commerce and the New EU VAT One-stop Shop

Starting on 1st July this year, the EU one-stop VAT system OSS provides a number of practical simplifications for companies involved inĀ online sales to EU Member States.

  • DFK news
  • 28 June 2021

Starting on 1st July this year, the EU one-stop VAT system OSS provides a number of practical simplifications for companies involved in online sales to EU Member States.

In response to queries by e-commerce firms  who are unsure if it is worth entering the optional OSS system, Gyarmathy&Partners have summarized the main advantages and disadvantages of this new option for EU VAT compliance.

E-commerce companies use specific business models which include additional local warehousing, delivery and online platforms. The article also examines the role of these and how the one-stop shop system and the  traditional VAT system relate to each other.

For further information on EU VAT questions please do not hesitate to contact Gyarmathy&Partners

Author

Gyarmathy & Partners