The cross-border e-commerce industry is in full swing, but tax issues are always around, and the terminology of VAT, EORI, OSS, and IOSS are like signposts in a maze, making sellers curious and confused. Today, we will unveil the mystery of these terms and light up your cross-border journey.<\/p>\n\n\n\n
01<\/p>\n\n\n\n
VAT, or Value Added Tax, is a tax levied on the increase in value of goods generated during the distribution process. For cross-border e-commerce sellers, understanding and complying with the VAT rates and payment rules of each EU country is an important part of ensuring a compliant business. From checking the tax rate to paying the tax, every step of the process needs to be handled with care.<\/p>\n\n\n\n
02<\/p>\n\n\n\n
EORI, the Economic Operator Registration and Identification Code, is the necessary \"identity card\" for cross-border e-commerce activities in the EU. It not only simplifies the customs clearance process, but is also a symbol of your corporate identity. Whether you are a new seller or an experienced player, having an EORI number is the key to open the EU market.<\/p>\n\n\n\n
03<\/p>\n\n\n\n
VAT vs EORI<\/p>\n\n\n\n
Obtained through: VAT needs to be registered through a tax agent or official channel, while EORI is often obtained together with the VAT application.<\/p>\n\n\n\n
Functionality: The EORI number passes through the customs of the European Union, while the VAT number relates to the payment of Value Added Tax (VAT).<\/p>\n\n\n\n
Requirements: The EORI number is required for cross-border trade even if the company does not meet the VAT registration threshold.<\/p>\n\n\n\n
Pictures<\/p>\n\n\n\n
04<\/p>\n\n\n\n
Which sellers need to register for VAT?<\/p>\n\n\n\n
Import of EU goods<\/p>\n\n\n\n
Use of Amazon warehouses or warehousing within the EU, transportation of goods within the EU across national borders, sales of over-quota goods to individual buyers in the EU, sales of goods to corporate sellers in the EU
After registering for VAT, you can choose to file online or appoint a professional accountant to act on your behalf. Given the complexity of European taxation, the latter is often more secure.<\/p>\n\n\n\n
05<\/p>\n\n\n\n
OSS, a one-stop filing system, is designed to simplify VAT filing for cross-border sales within the European Union. Through OSS, sellers can standardize their VAT filing across EU countries, saving time and effort.<\/p>\n\n\n\n
06<\/p>\n\n\n\n
IOSS, an import one-stop filing system, is designed for cross-border e-commerce. It allows sellers to handle VAT issues on goods imported into the EU more conveniently and speeds up the process of customs clearance.<\/p>\n\n\n\n
07<\/p>\n\n\n\n
OSS vs IOSS<\/p>\n\n\n\n
OSS applies to cross-border sales within the EU<\/p>\n\n\n\n
IOSS applies to low-value goods (\u2264\u20ac150) sold to EU consumers from non-EU countries.<\/p>\n\n\n\n
08<\/p>\n\n\n\n
Which sellers need to register for IOSS\/OSS?<\/p>\n\n\n\n
Platform sellers: usually by the platform on behalf of the labor, but self-built sites and offline transactions sellers need to consider their own<\/p>\n\n\n\n
EU companies can register and declare IOSS on their own.<\/p>\n\n\n\n
For non-EU companies, this is done through an EU tax agent.<\/p>\n\n\n\n
Master this tax knowledge to make your cross-border e-commerce journey smoother and more hassle-free!<\/p>","protected":false},"excerpt":{"rendered":"
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