IOSS for Small Businesses: Everything You Need to Know
Are you a small business owner selling goods online to customers in the European Union (EU)? If so, you may have heard about the new Import One-Stop Shop (IOSS) system. IOSS is a game-changer for small businesses like yours, simplifying the VAT collection process and making it easier for you to sell to customers in […]
IOSS and Brexit: What You Need to Know
If you’re an e-commerce business selling to customers in the EU or the UK, you might have heard about IOSS and Brexit. IOSS, which stands for Import One-Stop Shop, is a new system introduced by the EU to simplify the collection and payment of VAT for cross-border e-commerce transactions. Brexit, on the other hand, is […]
IOSS vs Traditional VAT Compliance: Pros and Cons
The world of e-commerce has transformed the way businesses operate. With the rise of online shopping, cross-border transactions have become common, leading to new challenges for tax compliance. The European Union (EU) introduced a new VAT regime called the Import One-Stop Shop (IOSS) in July 2021. In this blog post, we will explore the differences […]
VAT Compliance in the EU: Tips for Non-EU Businesses
If you’re a non-European Union (EU) business looking to trade with the EU, it’s essential to understand the Value Added Tax (VAT) system. VAT is a consumption tax that applies to most goods and services sold in the EU. Non-EU businesses must navigate complex VAT rules and regulations to ensure compliance and avoid penalties. In […]
The Role of the European Single Market in Cross-Border eCommerce Compliance
The European Single Market is a key driver of cross-border eCommerce in Europe. It allows businesses to sell their products and services to customers across the EU without facing trade barriers such as customs duties or other restrictions. However, with the growth of cross-border eCommerce, businesses must also comply with various regulations and standards. In […]
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 […]
Switzerland and Norway have joined EU’s Import Control ICS2
The EU’s new security and safety programme have welcomed two EFTA members: Switzerland and Norway. The EU–Switzerland Joint Committee decision ensure Switzerland and Norway apply the same security and safety measures as the EU. As a result, trade between the two countries and the EU does not require entry or exit summary declarations. –READ MORE: […]