30 April 2020
Luxembourg is the first EU member state to confirm it will open its VAT One-Stop-Shop registration portal from 1 October 2020.
The One-Stop-Shop is part of the EU VAT e-commerce package reforms, which will be introduced on 1 January 2021 and will apply to all e-commerce companies that sell goods to EU consumers online. By using the One-Stop-Shop, these types of traders will be able to report and pay their EU VAT to all member states through one EU member states’ VAT online portal. This will prevent the need for these types of merchants to have to VAT register in every single country that they are selling goods to consumers.
The One-Stop-Shop (OSS) is an extension of the Mini One-Stop-Shop, introduced back in 2015 for the sales of electronic services.
Click here for further information on the Europa website.
LATEST NEWS
Sri Lanka defers non‑resident VAT on B2C...
Sri Lanka’s Inland Revenue Department (IRD) has announced a further deferral of VAT on digital services supplied through electronic platforms by...
SEE MORE
LATEST NEWS
Germany provides further guidance on how e-invoicing...
The German Ministry of Finance (Bundesministerium der Finanzen, BMF) has updated the e‑invoicing frequently asked questions on its website. The updated FAQs...
SEE MORE
LATEST NEWS
Slovakia proposing to extend domestic reverse charge...
Slovakia is considering expanding its domestic “reverse charge” VAT rules to certain higher risk services. The sectors reported to be in scope include IT...
SEE MORE