// definition
IOSS
Import One Stop Shop for VAT
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.
risk atlas
Knowledge map
Related analyses
Primary sources
- European Commission, VAT One Stop ShopImport scheme: scope, threshold, exclusions and monthly returns.