OSS

The One-Stop Shop (OSS) is a system implemented by the European Union to simplify the declaration and payment of VAT for businesses making cross-border sales. Before the OSS, businesses had to register for VAT in each EU country where they made sales. Now, thanks to this single window, they can declare and pay the VAT due in all EU member states through a single online interface.

Advantages of the OSS

• Administrative simplification: Reduction in the number of necessary VAT registrations.
• Time-saving: A single quarterly declaration for all intra-EU sales.
• Centralization: A single payment for all VAT obligations in the EU.

How does it work?

1. Registration: Businesses must register for the OSS system in their country of tax residence.
2. Declaration: Each quarter, they submit a single VAT declaration via the OSS portal.
3. Payment: The VAT payment is made in one go, and the tax authorities of the registration country redistribute the amounts to the concerned member states.

Who can use the OSS?

The OSS is intended for businesses that sell goods or services to end consumers in other EU countries. This includes online sales via e-commerce platforms.

Practical tips

• Check your eligibility: Ensure your business meets the criteria to use the OSS.
• Keep accurate records: Maintain detailed records of all cross-border transactions.
• Consult an expert: For personalized advice, consider consulting an international tax specialist.

By adopting the OSS, businesses can not only reduce their administrative burden but also focus more on their growth and expansion within the European single market.