Deliveries are considered drop shipments if no local fulfilment centre is used and there is no consolidation of stock in the EU. The item is imported from outside the EU and delivered directly to the customer in an EU country.
IOSS simplifies the collection and declaration of VAT for drop shippers. The Import One Stop Shop (IOSS) specifically applies to goods valued at no more €150. Read our articles on the IOSS below and learn how Vatglobal can assist your e-commerce company to become VAT compliant.
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The VAT and customs laws in Europe have changed drastically in 2021. Brexit and a new EU VAT package have created complexities that could strangle the traditional e-commerce dropshipping model. Import VAT, customs duties and
For e-commerce sellers that drop ship to customers in the EU, the new Import One Stop Shop (IOSS) is welcome news. However, while the IOSS simplifies VAT compliance, meeting the requirements of the IOSS is still
The new Import One Stop Shop (IOSS) makes VAT compliance much simpler for companies that import goods for sale to customers in the EU. However, if your business is not established in the EU, you will
Businesses that decide to take advantage of the Import One Stop Shop (IOSS) must register for the IOSS through the portal of an EU member state. But what, precisely, does it mean to have an
The Import One Stop Shop (IOSS) provides significant benefits at each stage of the import and sales process. When you drop ship, the IOSS makes your imports more efficient. With the IOSS, VAT registration and
Picture the scene. You’re scrolling on your phone late at night. You should be in bed, but you’ve got yourself caught up in an argument on social media. Or you’ve gone down a Wikipedia vortex
One of the quirks of drop shipping is that customers often don’t know exactly how much they’re going to end up paying. The courier arrives with your shiny new pair of trainers but then won’t
Do you know that if you import low value goods into the EU, you need to start thinking carefully about VAT compliance. But why? Let’s start with the short answer. From 1 July, all commercial
“All commercial goods imported into the EU, regardless of their value, are subject to VAT as of 1 July 2021.” That’s a line from recent official guidance on the new EU e-commerce rules. It’s a