Import OSS VAT Return

As of July 1, 2021 all commercial goods imported into the EU from a third country or third territory are subject to VAT, regardless of their value. The Import One Stop Shop Scheme allows suppliers and electronic interfaces selling imported goods to buyers in the EU to declare and pay VAT to the tax authorities. It simplifies the declaration and payment of VAT for goods sold from a distance by sellers from both EU and non-EU countries. The following rules apply to the Import Scheme:

Import Scheme is only applicable to purchases made by a buyer within the EU for goods valued at less than EUR 150.
Eligible persons for Import OSS Scheme include taxable persons established in the EU and taxable persons established outside the EU with an appointed intermediary.
Type of items eligible for Import OSS Scheme includes goods that are not subject to excise duty.
You must submit the Import OSS VAT return electronically to the Member State of Identification every month. This is by the end of the month following the end of the tax period covered by the return.

For more information about Import OSS Scheme, see IOSS on the official European Commission website.

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