Understanding all the IOSS registration rules can sometimes be a headache for businesses selling into the EU, but in this post, you will learn more about the different registration schemes so your business can stay compliant with all VAT obligations. Check this out
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READ MORE: Can Businesses Still Get Registered for IOSS After 1 July?
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Suppliers that are established in the EU will register in their Member State of establishment as the Member State of identification. This includes EU-established electronic interfaces that are deemed suppliers.
Suppliers that are not established in the EU but are established in a third country with which the Union has concluded an agreement on mutual assistance similar in scope to Council Directive 2010/24/EU and Regulation (EU) No 904/2010, can register for the IOSS directly in any Member State of the EU. The goods in question must be supplied from that third country to the EU. This currently only applies to Norway.
Suppliers that are not established and do not have a fixed establishment in the EU and are not established in a third country with which the EU has concluded a VAT mutual assistance agreement must appoint an EU-established intermediary. The Member State of identification for those cases will be the EU Member State where the intermediary is established. This includes non-EU established electronic interfaces that are deemed suppliers.
MDC’s Internal Registration Process
Step 1: KYC Process (Know Your Customer)
Step 2: Approval or Review
Step 3: Final Documents (Order Form among others)
Step 4: Payment Confirmation
Step 5: Account Creation: submission to the Irish Tax
As an IOSS intermediary company, it’s our responsibility to understand and appoint the best scheme for your business.
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READ MORE: IOSS – The Importance of the Onboarding Process
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Don’t wait any longer to get your IOSS registration in place. You can appoint us as your intermediary company and we will be responsible for registering your business. If you are interested in any of our solutions, subscribe to our blog and visit our website and LinkedIn pages for more updates. You can also reach out to us by sending a message to info@mydutycollect.com. We will be happy to hear from you.
