As of July 1, the OSS and IOSS schemes are available to both EU and non-EU businesses (e.g. companies from Eastern Europe). Here are some of the benefits of joining OSS or IOSS:
One Stop Shop (OSS) - only for European companies
- Only one registration in an EU member state is required
- Refunds are issued on a quarterly basis
- All eligible B2C shipments are reported via the OSS e-portal
- Reduces the financial cost of registration in each EU member state
- Enables broader global expansion for e-commerce businesses
Import One Stop Shop (IOSS) - for non-European companies only
- Only one registration in EU member state required
- Refunds are provided on a monthly basis
- All eligible B2C shipments are reported via the IOSS e-portal.
- Faster processing time for customs clearance
- Allows expanded European expansion for both EU and non-EU businesses
According to experts IOSS will be obligatory for all companies selling in Europe in 6 months.
read more here*.
One Stop Shop (OSS) - only for European companies
- Only one registration in an EU member state is required
- Refunds are issued on a quarterly basis
- All eligible B2C shipments are reported via the OSS e-portal
- Reduces the financial cost of registration in each EU member state
- Enables broader global expansion for e-commerce businesses
Import One Stop Shop (IOSS) - for non-European companies only
- Only one registration in EU member state required
- Refunds are provided on a monthly basis
- All eligible B2C shipments are reported via the IOSS e-portal.
- Faster processing time for customs clearance
- Allows expanded European expansion for both EU and non-EU businesses
According to experts IOSS will be obligatory for all companies selling in Europe in 6 months.
read more here*.