OSS (One Stop Shop) insights Jan 3, 2021 Ariadne 0 Comment The OSS simplifies VAT registration and filing, enabling businesses to account for VAT on sales in multiple EU countries with a single digital VAT return. BENEFITS: → Eliminates the need for VAT registration in countries that you sell goods but you do not store goods in→ One OSS return that covers all of your EU VAT cross-border obligation for B2C sales→ Money due to other EU countries will be sent by the home tax office For example, companies storing goods in their home country and selling into 5-6 other EU countries without storage there, will now only have to submit one home VAT return and one OSS VAT return per period. A payment for each return will be required. CRITERIA TO APPLY FOR OSS: → Annual sale of goods or digital services higher than €10,000. If you sell “low value goods” which cost less than €150 outside the EU then you need to register for IOSS as well.