Are IOSS and ICS2 the same?

Without much ado, the answer is no. Although they are both related to cross-border eCommerce, IOSS (Import One-Stop Shop) and ICS2 (Import Control System 2) are two separate systems with different purposes. Import One-Stop Shop (IOSS) IOSS is a simplified VAT payment system that was introduced in the EU in July 2021. It allows businesses […]

Understanding Free Trade Agreements and Their Impact on eCommerce Compliance

Free trade agreements (FTAs) are an important aspect of international commerce, as they aim to reduce barriers to trade and promote economic growth by eliminating tariffs and non-tariff barriers between countries. In recent years, the rise of eCommerce has made it easier than ever for businesses to participate in cross-border trade, and free trade agreements […]

Shipping to the EU: Compliance Requirements and Best Practices

For many businesses, exporting goods to the European Union (EU) presents a profitable economic opportunity, however, there are a number of compliance standards and requirements that must be adhered to. This blog article will discuss compliance standards and shipping recommendations to the EU. –READ MORE: Get Ready for Import Control System 2 (ICS2)– 1- Understand […]

How Digitalization is Transforming Customs

The safe and legal flow of commodities across borders is made possible by customs, which is a crucial part of global trade. Digitalization has drastically changed the way businesses and governments handle the flow of goods in recent years, including customs procedures. Here are 5 ways that digitization is transforming the customs landscape. –READ MORE: […]

IOSS – Claiming VAT Refunds on Returned Goods

For businesses that operate internationally, claiming VAT refunds can be a complicated and time-consuming process, especially when it comes to returned goods. Fortunately, the introduction of the Import One-Stop Shop (IOSS) in the European Union (EU) has made the process much simpler. In this blog post, we will take a closer look at how IOSS […]

IOSS – Overpayments of VAT

Since the IOSS submissions started, many questions have been raised about overpayments of VAT and how the EU tax authorities will manage to administer overpayments. In today’s post, we will talk about how to identify and what to do in case of overpayments of VAT, following the instructions published by the European Commission in the […]

Canada – Import Rules and Requirements

Starting today, we will embark on a series of posts about the brand new and recently integrated eCommerce compliance solutions by MyDutyCollect. The first new territory is Canada, where we will look over its import rules and regulations, prohibitions and restrictions, as well as the main requirements for businesses and individuals who intend to have […]

IOSS – Exchange Rate

Since My Duty Collect started submitting monthly VAT returns to the IOSS authorities, some questions have been raised regarding the exchange rate applied to transactions that require a currency conversion. Considering that the IOSS rules apply mostly to companies based outside the European Union, this topic can be of interest to those that submit monthly […]

5 Disadvantages of not Having an IOSS Registration

Since the Import One-Stop-Shop system went live on 1 July last year, many businesses from all over the world needed to register for their respective IOSS schemes. Once the IOSS registration is not mandatory, companies can opt not to join the new VAT system to report their taxable activities. In this post, we will show […]

没有注册IOSS的5个缺点

自去年7月1日IOSS(进口一站式系统)上线以来,来自世界各地的许多企业都需要注册各自的IOSS计划。虽然IOSS注册不是强制性的,公司也可以选择不加入新的增值税制度来报告其应纳税活动。在本帖中,我们将向您展示没有注册IOSS的5个缺点。请查看以下内容: – 阅读更多:My Duty Collect is Now an IOSS Intermediary – 没有注册IOSS的5个缺点 1-在不同国家/地区纳税登记 如果企业选择不注册IOSS,他们必须在最终消费者所在的每个欧盟成员国获得增值税注册号。如果一家公司的客户位于27个不同的欧盟国家,则必须在所有27个成员国注册纳税。从时间和财务管理的角度来看,这绝对令人头疼。 2-语言障碍 目前,欧盟只有爱尔兰将英语作为第一语言。如果企业需要在所有27个欧盟成员国注册增值税,这意味着以不同语言通过法律程序。一旦特定法律程序可能需要不时的私人翻译服务,它可能会成为财务风险。 3-不同的申报系统 欧盟国家的纳税申报系统没有统一或集成。这意味着企业必须设法学习和教育员工使用增值税提交门户。它只是意味着更多的金钱和时间通过培训课程来提高团队的技能。 4-货币 如果公司不使用IOSS系统,货币兑换也可能令人头疼。曾经并非所有欧盟成员国都是欧元区的一部分。增值税需要以最终消费者居住的货币报告。同样,考虑到汇率和银行手续费问题,这可能会带来不便。 5-申报反馈分散 如果单独提交,报告将在不同的时间表上收到来自各国税务当局的不同反馈。如果我们考虑客户报告截止日期,这可能是个问题。 所以不要再观望了,尽快摆脱没有注册IOSS的缺点。您可以选择我们为您的中介服务公司,我们将负责注册您的IOSS业务,并每月申报增值税。如果您对我们的解决方案感兴趣,请订阅我们的博客,并访问我们的网站和LinkedIn页面以获取更多更新。您还可以通过发送消息至info@mydutycollect.com与我们联系。我们很乐意收到你的来信。