EU Buyers! EU Value-added Tax (VAT) & Import One-Stop Shop (IOSS)
New Arrangements for EU Value-added Tax (VAT) and Import One-Stop Shop (IOSS) (Effective from 1 July 2021) (For All EU Buyers)
According to the European Union (EU), for sending (including through postal channel) commercial goods (including merchandise sold online) to the business users (B2B) or consumers (B2C) in the EU, value-added tax (VAT) will be levied, irrespective of what the value is, from 1 July 2021 onwards. Major changes include:
- The existing VAT exemption for the importation of goods to EU countries with a value not exceeding €22 is removed.
- The sellers (senders) instead of the buyers (addressees) will be responsible for VAT payment.
- The EU has launched the Import One-Stop Shop (IOSS) to facilitate the declaration and payment of VAT by senders for the imported goods with a value not exceeding €150.
In short, our shipping (to EU) would be induced IOSS/VAT in the transaction(s) in order to pay off the for the customs clearance before you could receive the goods according to the current procedures. Furthermore, the additional surcharges incurred will charged to the buyer. The delivery may also be subject to delay (3-5 more days for customs clearance)
For further information, please refer to website of the European Union https://ec.europa.eu/taxation_customs/business/vat/ioss_en
Nevertheless, we understand the cost would be extremely costy, and we will do our best to serve you the best products with the reasonable price, please use the 12% - 22% Off Discount Code: "happypinalloy" , and we wish that could help a bit for such matters.
Pinalloy Auto Accessories