2021-07-01
From 0:00 on July 1, EU Customs will terminate the duty-free policy for imported goods with a declared value of less than €22.00.
It means that when EU consumers buy earbuds wireless, portable charger, battery charger, etc. from countries outside the EU, they will also have to pay tax when the price is less than €22.
In line with this regulation, the EU has launched the Import One-Stop-Shop (IOSS) to help sellers or EU buyers of e-commerce platforms to collect, declare and pay VAT conveniently, and sellers and buyers can register for an IOSS number on the official website of IOSS in any EU member state (if the business is not in the EU, it is necessary to appoint an intermediary established in the EU to fulfill VAT obligations under IOSS).
We would like to remind you of a few things to know about using IOSS.
1. It applies to goods that meet the following three conditions
1)Issued from a country/region outside the EU
2)The value of the goods does not exceed 150 Euros for B2C shipments
3) No excise duty is payable.
2. If the VAT is paid by the buyer (i.e. the recipient), please remind the shipping customer to ask the recipient for the IOSS number to be marked on the invoice, so that the tax will not be automatically transferred to the sender when the recipient refuses to pay, resulting in losses.
For shipments without an IOSS number on the invoice, the VAT can still be advanced by th