What are the OSS and IOSS systems?
OSS
One-Stop Shop (OSS) is a new, simplified VAT collection system for sellers, which allows charging VAT across Europe and reporting all associated sales to private consumers in one quarterly VAT declaration.
The main benefit is that there is no obligation for sellers to register in all destination states for a VAT ID individually. The seller can register in the country of production and then use the OSS system to apply a VAT charge on sales to end-customers all across Europe.
Click here to learn more about OSS.
IOSS
Import One-Stop Shop (IOSS) is a variation of OSS that is used to tax imported* orders upfront, if the value of goods is below EUR 150.
Goods imported into the European Union will be cleared in customs using Printify IOSS ID number. End customers will not be required to handle any formalities related to EU customs. Please note, however, that Printify will collect VAT on sales to merchants through the IOSS scheme – more on that here.
*Applies to goods imported to Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, the UK, or Norway from other destinations (such as the US).