New EU VAT Rules for E-Commerce Businesses
Since the 1st of July 2021, new value-added tax (VAT) rules are applicable within the European Union (EU). According to these new rules, below a threshold of 10.000 €, the VAT can be paid to the Member State where your business is located. Above this threshold, your business will be able to easily register in a One-Stop-Shop (OSS), where you can declare and pay the VAT due in the other Member States. As a consequence, if you register for OSS, you can now sell into all 27 EU Member States with just one VAT return. This might sound intimidating, but this article will help you navigate these new rules.