Shipping to the EU for small and large companies
December 16, 2022
In the past, for a company to sell internationally was an activity reserved for the big players. With the advent of the Internet. Little by little, real expansion opportunities for small retailers have emerged.
Now not only are there tools and platforms to support international sales, but consumers are more willing and able to shop across borders. Indeed, limiting sales to domestic markets can be a distinct disadvantage, even for small retailers.
Restricting sales to the domestic market can be a clear disadvantage, even for small sellers.
In addition to the fact that international sales can be complicated, since last year there are new tax obligations for selling to the EU. To simplify things, the European Union has created the Import One Stop Shop (IOSS), whereby online stores will be able to charge, declare, and pay VAT on all goods imported into the EU with a total value of less than €150.
Like DDP, IOSS requires VAT on purchases. It is paid by the customer and shipped by the seller to the warehouse. IOSS products can be imported through any EU country and go through an expedited customs process before being landed to the customer.
Companies that are not established in an EU country will need to appoint a qualified intermediary to register the IOSS number on their behalf.
That's where Crossborderit comes in
Crossborderit (CBIT) has you covered. With simple onboarding and flat shipping rates, it's easy to calculate taxes, collect them, and let Crossborderit (CBIT) report, pay and manage compliance for you.
On top of that Crossborderit integrates with Shopify allowing merchants to calculate taxes at checkout, report shipments using your CBIT IOSS number and enter EU countries under the new “import one stop shop” rules.
Access more information about the CBIT Shopify application here.