New from 1 July: VAT package

We inform you that starting from July 1, 2021, some changes regarding the VAT package will come into force .

July 1, 2021: VAT and Duties

What changes with regards to VAT? VAT will always be payable, even for goods worth less than 22 euros. In fact, the 22 euro threshold, valid until 30 June 2021, is eliminated, below which the VAT exemption is still provided.

• The IOSS (Import One Stop Shop) system for distance sales of goods of low value imported from non-EU countries: by registering on this electronic portal, VAT is no longer paid at customs at the time of import, but will be included

And the duties?

Duties will continue to be due only in reference to shipments worth more than 150 euros.

July 1, 2021 : E-commerce

On 1 July 2021, some important VAT provisions regarding online commerce with private consumers, i.e. business to consumer (B2C), within EU countries will come into force.

Starting from that date, new methods are introduced for making the declaration and payment of VAT, which will be applicable to e-commerce operations for the distance sales of goods, both intra-community and of low value goods imported from third countries or territories. , also through the intervention of electronic interfaces.

Precisely in light of this upcoming change, two simplifications are envisaged for the fulfillment of VAT obligations, which companies can access by registering online on the Revenue Agency website:

• The OSS (One Stop Shop) system for intra-community distance sales with an annual value of more than 10,000 euros: it allows electronic registration for VAT purposes in a single EU Member State in which the company is incorporated or identified, with the advantage that the registration is valid for all B2C e-commerce sales made in the various EU countries; in this way the company will be able to declare and pay VAT in a single quarterly return, interfacing with the tax authorities of its country. For sales below the annual threshold of € 10,000, the VAT due is instead taxed at origin (in Italy).

The IOSS (Import One Stop Shop) system for distance sales of low value goods imported from non-EU countries: by registering on this electronic portal, VAT does not

it is paid more at customs at the time of import, but it will be included in the sale price of the goods and will be paid by the operator through the help of the portal.

Furthermore, to reduce the burdens of companies that use these systems, the obligation to issue an invoice has been eliminated.

These changes will affect the customs and tax management of the operations.

The Customs Consultancy department is available for further information on the customs aspects of e-commerce imports.

It is also advisable to contact your accountant for a specific tax assessment.