What is EU-OSS?
EU-OSS is an electronic portal through which traders and businesses can fulfil their VAT obligations within the EU. VAT now only has to be declared in one country for intra-Community trade. With OSS, this can now be done via a central system.
A detailed explanation and what you have to consider as a store owner we have also compiled in our blog.
From when does the regulation apply?
The One-Stop-Shop procedure will come into force from 1 July 2021.
Does the EU OSS apply to you?
The new threshold is EU-wide and is €10,000. If you exceed this threshold, you should register in the respective online OSS portal.
What does that mean for you?
The configuration of the tax is still done as usual via the tax module. You can find more information here.
The shop should clearly show the delivery country for which the displayed prices apply. You should also transparently display in the shop the possibility to select the delivery country with the respective prices.
If you want to learn more about OSS and the new threshold, you can find more information here.