VAT OSS - simplified tax settlement for EU sales

What is VAT OSS and who needs to use it?

VAT OSS (One Stop Shop) is a system that makes it easier for entrepreneurs to settle VAT on sales of goods and services within the European Union. Thanks to this system, companies conducting e-commerce sales or supplying services to private customers in the EU can account for VAT in one country instead of registering in multiple countries. FLOWER ACCOUNTING offers comprehensive assistance in registering and handling VAT OSS, ensuring compliance with current legislation.

How does VAT OSS work?

VAT OSS allows businesses to avoid having to register for VAT in each country to which they sell their products or services. Instead, the business submits a single quarterly VAT return in its home country and pays the tax, which is then remitted to the relevant Member States.

Who can benefit from VAT OSS?

• Traders selling goods at a distance to individual customers in the EU.
• Companies providing electronic, telecommunications and broadcasting services to individuals in the EU.
• Traders using warehouses in different EU countries who wish to avoid multiple VAT registrations.

What are the benefits of registering for VAT OSS?

1. Less paperwork and simplified accounting

With VAT OSS, a trader can settle tax in one country instead of registering and filing VAT returns in multiple countries. FLOWER ACCOUNTING assists companies with efficient record-keeping and submission of required reports.

2. saving time and money

Registering for VAT OSS avoids the administrative costs associated with handling tax in different countries.

3. compliance with EU regulations

The OSS VAT system helps companies to comply with EU regulations and avoid penalties for incorrect tax accounting.

Frequently asked questions about VAT OSS

Does every company selling in the EU have to register for VAT OSS?

No, VAT OSS is optional, but is often a more favourable solution for companies selling goods and services to consumers in the EU.

What are the sales thresholds for VAT OSS?

Businesses that exceed the threshold of sales of €10,000 per year to customers in other EU countries should account for VAT according to the rules of the buyer's country.

Can KWIATKOWSKA KSIĘGLOWSKA help with OSS VAT registration and handling?

Yes, we provide full support in registering, keeping records and filing returns under the OSS VAT system.

How do you report to the VAT OSS?

In order to benefit from VAT OSS, the entrepreneur must register in his/her country through the relevant tax office. FLOWER ACCOUNTING will assist throughout the process, ensuring compliance and optimising tax settlements.

Contact FLOWER ACCOUNTING, to find out more about VAT OSS and improve your tax returns!