Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Cross border VAT e-commerce is being modernized in the EU

Photo: library

New VAT rules for e-commerce will be rolled out across the EU as of July 1 to simplify life for businesses that sell goods online, while ensuring a more level playing field with online companies outside the EU. The rules aim to reduce the administrative burden for businesses that make cross-border online sales through the introduction of a single system for declaration and payment of value added tax called One Stop Shop (OSS).

“Traders will no longer need to register for VAT purposes in the country where they sell the goods to the end user – said MEP Tsvetelina Penkova, member of the Committee of Budgetary Control at the European Parliament. – Goods and services amounting to more than EUR 10,000 can be declared by the traders and the VAT due can be paid in the member state of the purchaser. In contrast to the past, traders will not suffer any administrative burden and will not have to register in the respective member state. As for the sale of goods and services amounting to less than EUR 10,000, the VAT due can be paid in the member state of the trader.”


Moreover, the current VAT exemption for packages entering the European Union with a value not exceeding EUR 22 will be abolished. By eliminating this exemption, European businesses will be able to compete within the level-playing field.

“Meanwhile, the Import One Stop Shop facilitates the collection, declaration and payment of VAT for sellers that are supplying goods from outside the EU. Thus, the amount of VAT, laid down by the national law of the country where the goods are imported, can be paid through this online platform as well.”

The benefits of these new rules are twofold: they improve tax collection and create conditions for greater transparency and building up consumer trust. What must traders do to benefit from the One Stop Shop?

“The system is open for registration since April 1, 2021 and will be active until July 1, – specified MEP Penkova. – All traders who want to benefit from the One Stop Shop must check what documents are needed to register in the system.”

More details on cross-border VAT e-commerce can be found at the European Commission’s web site.

Written for Euranet+ by: Elena Karkalanova

English version: Kostadin Atanasov

Photo: EP


Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Lukoil Neftochim in Burgas

FT: Russian oil company Lukoil plans to sell its Bulgarian refinery to Qatari-British consortium

The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times .  The deal is expected to be announced by the end of..

published on 11/6/24 11:55 AM

Bulgaria and Argentina take new steps in their trade cooperation

Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..

published on 11/5/24 11:49 AM
Dobrin Ivanov

Employers want the Supreme Administrative Court to freeze the minimum wage

Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...

published on 11/5/24 11:41 AM