From July 1, 2021, there are changes in the field of VAT for companies that conduct cross-border sales over the Internet. A uniform sales threshold (EUR 10,000) has been introduced, up to which transactions can be settled in the supplier’s country. Above this threshold, it will be possible to decide to register for VAT in the country where the consumers are located or use the OSS (One Stop Shop) procedure. In the latter case, tax registration will no longer be required in each Member State to which it is sold.
For buyers, the key change is the elimination of the EU-wide exemption from import VAT small parcels worth up to 22 euros.
The new rules are designed to simplify VAT settlements in e-commerce activities and to level the conditions of price competitiveness.
