Expand your ecommerce by selling to Europe

Since the beginning of the pandemic, we have seen the power of online shopping changing the habits of consumers around the world. This translates into a consumer preference for not returning to traditional stores and focusing on online shopping.

This has been a great opportunity for online retailers, so if you are an online retailer, you should not miss the opportunity to sell your products abroad.

In this context, international trade compliance is the key to ensuring that you landed your products on time and satisfy your customers and to achieve this you should always be updated on changes in cross-border regulation.

If you are planning to expand your online marketplace to the EU you should be aware of this

Since last year the new EU e-commerce reforms have had a far-reaching impact on domestic and international sellers doing business in Europe. Both B2B and B2C e-commerce marketplaces and businesses can benefit from automated solutions to simplify the entire VAT compliance lifecycle, from registrations to calculations and reporting.

VAT reforms in the EU

On July 1, 2021, European Union (EU) member states implemented significant changes to VAT obligations for B2C e-commerce, including EU one-stop shop, import one-stop shop and marketplace deemed vendor obligations.

IOSS: offers sellers outside the EU the option to register with IOSS in a single EU state to declare VAT on B2C sales and imports of shipments under €150. However, sellers outside the EU may require an intermediary (such as Crossborderit) to be responsible for VAT collection and compliance.

OSS: allows sellers within the EU to report all their remote sales within the EU on a single VAT return in their country of origin instead of having multiple VAT registrations across the EU.

Automate VAT compliance with the help of Crossborderit (CBIT)

Crossborderit's enhanced VAT compliance solutions provide global businesses with features that help navigate new laws for deemed suppliers OSS, IOSS and the marketplace across the EU, as well as optimize overall VAT compliance through automation.

Crossborderit helps businesses of all sizes comply with taxes.

Crossborderit easily integrates with Shopify and WooCommerce (soon Magento) based stores, allowing retailers to calculate tax at checkout, report shipments using their IOSS CBIT number and enter EU countries under the new "Import One Stop Shop" rules.

Don't let your business affected be by Brexit and the new EU trade regulations, contact us and you will receive your IOSS number in a few days.

Damon Baca

Co-Founder

Crossborderit (CBIT)

www.crossborderit.com/IOSS