IOSS – Import One Stop Shop

IOSS (Import One Stop Shop) is a system introduced in the EU from 1 July 2021 enabling third-country online sellers (or their intermediaries) to register for VAT in one EU member state and account for VAT on sales of goods valued up to EUR 150. With IOSS, buyers pay VAT at purchase, and the consignment is exempt from import VAT at customs clearance.