IOSS
EU VAT changes – Are you ready?
May 27, 2021
On the 1st July 2021 the previous VAT exemption limit of €22 ($26) for the import of goods into the EU will cease to apply. This means that every product that is sold from a non-EU country (e.g. USA, Great Britain, China), will now be liable to import taxes.
EU to close €7 billion VAT loophole
April 15, 2021
The new rules will come into force on 1 July 2021 and are designed to make life simpler and fairer for all and close a €7 billion ($8.38 billion) tax loss, the EU says.
