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18
Jul
The Council today formally adopted new value added tax (VAT) rules for distance sales of imported goods.
The directive will improve collection of VAT on imported goods by ensuring suppliers are always liable for VAT paid on imports, rather than the EU consumer as is currently usual practice. This should encourage suppliers outside the EU to use the VAT import one-stop-shop (IOSS) for VAT reporting and collection.
Import one-stop-shop (IOSS)
The already-existing IOSS serves as a point of contact for importers of goods from third countries...