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IOSS

Import One Stop Shop for VAT

Macro & central banks

Short definition

An optional VAT scheme for distance sales of goods imported into the European Union in consignments with an intrinsic value of up to €150, excluding excise goods. VAT is collected when the order is paid for and reported through a single portal. An import correctly declared under the scheme is exempt from VAT at that stage. Customs duties and handling fees follow their own rules.

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