The Retail Supply Chain & Logistics Expo Las Vegas logo

25 & 26 May 2022

LVCC, Las Vegas

Damon Baca: Speaking at the Retail Supply Chain & Logistics Expo Las Vegas

Damon Baca

Founder  -  Crossborderit

VAT & IOSS Changes for Selling to Europe

July 1st, 2021, things are changing in the EU. For shippers moving into the common market, tax authorities require the VAT to be collected by the merchant and paid through an IOSS intermediary in the receiving country.

VAT is a sales tax, and up to now, there was no taxes on shipment valued under €150. After July 1st, 2021 all shipments will need to pay VAT (sales tax).

The new structure is called IOSS, and Crossborderit(CBIT) has you covered. With simple onboarding and easy flat shipment fees, it is easy to calculate the taxes, collect them and let Crossborderit (CBIT), report, pay, manage Compliance for you.

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