The changes to the VAT rules could make shipping processes simpler.
The IOSS can be advantageous as it will allow e-commerce to meet its VAT obligations on distance sales of products imported into the EU. In addition the IOSS is responsible for collecting the VAT from the customer at the time of sale, ensuring that it is passed on to the relevant authorities.
To register for IOSS, sellers must select an EU member state where they are headquartered, otherwise they must appoint an intermediary such as Crossboderit to register and declare VAT on their behalf.
Don't worry CBIT can represent you
Because CBIT is integrated with Brokers, I was able to address IOSS in the supply chain rather than after the fact. This means that shipments will not be held up and your customer's experience will be exceptional.
A CBIT integration can provide the total cost at destination at checkout. In addition to that, CBIT can collect and pay taxes as well as customs fees for both low value and higher value IOSS.
Learn more about Crossborderit's IOSS representation.
CBIT has it covered for you. With simple onboarding and flat, simple shipping rates, it will be a breeze to calculate duties, collect them, even pay them for you. Plus CBIT offers simple DDP for these solutions for an excellent hassle-free customer experience.
Sign up with Crossborderit and ship hassle-free.