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Exact Globe and One Stop Shop (OSS)

As of 1 July 2021, the new EU VAT directive for e-commerce applies with a lower threshold for distance selling and a new simplified VAT return via the One Stop Shop (OSS) system.

Do you exceed the amount of 10,000 euro in revenue from sales to consumers in other EU countries? If the answer is yes, then you can charge the VAT rate of the EU country where your customer is located. You can submit your foreign VAT return in two ways:

  • You file a local VAT return for each individual EU country in which you have sold, or you file the VAT return via the OSS system. In that case, you do not need a VAT registration in other EU countries. The Tax and Customs Administration arranges for the VAT declared via the OSS portal to be sent to the correct EU country.
  • Are the goods for your web shop stored in a warehouse in another EU country? Then you need the VAT number of that EU country. The goods delivered by you from the foreign warehouse are taxed with local VAT. They are delivered from that country and you cannot declare your VAT via the OSS portal. You need to file a VAT return in the relevant EU country.

From product update 421SP10 and 420SP16 onwards, Exact Globe offers additional functionality to facilitate OSS.

Creating VAT codes

Setting up Debtors / Creditors / Accounts

Linking OSS VAT codes to the items

Logic for determining the VAT code

Viewing the OSS VAT transactions

 Main Category: Attachments & notes  Document Type: Support - On-line help
 Category:  Security  level: All - 0
 Sub category:  Document ID: 30.238.302
 Assortment:  Date: 17-12-2021
 Release:  Attachment:

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