Crossborderit (CBIT) can facilitate cross-border ecommerce shopping

When packages enter a country, they must be declared at customs. An electronic customs declaration required is for the customs broker to identify what goods are entering the country.

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Customs declarations provide important information about the goods. A customs declaration is a tax document that provides detailed information on imports and exports. It is used to determine taxes and duties payable. In addition, Customs will use the information on the declaration to verify that the goods can enter the country. Or it can be delivered to the consignee.

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Shipping to the EU is no exception, it is mandatory to submit a customs declaration for all imported goods, regardless of their value.

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In the event that the customs broker considers that the information on the declaration is incorrect or incomplete, he/she will not proceed with the release of the goods. In such cases, this usually results in an increase in fees and a delay in time.

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It is essential to ensure that the electronic customs declaration is correct. That they include the correct HS code and that they are sent to customs.

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In order for markets, carriers and postal operators to comply with this, they must switch to automatically generated electronic declarations.

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To make things easier, the EU created a VAT accounting system called IOSS (Import One Stop-Shop). This system allows VAT to be paid as part of the online payment for goods on a non-EU merchant's website.

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However, the IOSS system can only be used if the goods imported into the EU from third countries do not exceed the value of EUR 150 and are not excise goods.

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Grow your E-commerce with IOSS representation from CBIT

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Crossborderit integrates with Shopify and WooCommerce, allowing merchants to calculate taxes at checkout, report shipments using their IOSS CBIT number and enter EU countries under the new "Import One Stop Shop" rules.

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Don't let your business be affected by Brexit and the new EU trade regulations, contact us and you will receive your IOSS number in a few days.

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Damon Baca

Co-Founder

Crossborderit (CBIT)

www.crossborderit.com/IOSS